The bill would bar Members of Congress from making covered financial transactions that directly or indirectly benefit listed foreign adversaries or entities they own or operate. Covered transactions include gifts, loans, investments, and certain financial interests created through derivatives. The listed adversaries are China, Cuba, Iran, North Korea, Russia, and Venezuela under Nicolás Maduro. The Attorney General could bring a civil case. Courts could impose penalties of up to $5,000 for a first violation, $10,000 for a second, and $15,000 for each later violation.
The restrictions apply to Members of Congress during their terms of service. The bill does not set restrictions for the public.
The bill does not specify government spending. It sets civil penalties for violations.
No publicly available information.
No publicly available information.