Bill stops lawmakers from owning stocks while running for office
H.R. 9989 — CITE Act of 2026 · Filed by Ryan Mackenzie (R-PA) · Introduced Jul 30, 2026 · Referred to committee
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What it does
The bill requires candidates to sell stocks or put them in a blind trust. They have 90 days after filing to run. A blind trust means a trustee handles the money. The candidate does not know what happens to it. Candidates cannot buy new stocks while running. They must tell their ethics committee they followed the rules. Broad index funds, Treasury bonds, and retirement accounts are exempt.
Who it affects
The bill affects people running for President, Senate, or House. It stops them from owning stocks in companies while running. This reduces conflicts of interest in how lawmakers vote.
One thing to notice
Spouses and children can keep their stocks if they try to sell them. The bill does not cover stocks held through family companies or other structures.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- Jul 30, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jul 30, 2026 — Referred to House Committee on House Administration and House Committee on Oversight and Government Reform · Congress.gov: “Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on House…”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- blind trust — A trustee manages money and the owner does not know what happens
- index funds — Investments that track many companies at once
- ethics committee — A group that makes sure lawmakers follow conflict rules
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (6,585 characters) on Aug 12, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,707 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-23.
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