Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

Code · BILL · 118th Congress · S. 1171 (Introduced in Senate) — To amend chapter 131 of title 5, United States Code, to prevent Members of Congress and their spouses and dependent c... · Sec. 3

Sec. 3. Penalty for STOCK Act noncompliance

206 words·~1 min read·/bill/118/s/1171/is/section-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The STOCK Act ( Public Law 112–105 ; 126 Stat. 291) is amended by adding at the end the following: Notwithstanding any other provision of law (including regulations), a reporting individual shall be assessed a fine, pursuant to regulations issued by the applicable supervising ethics office (including the Administrative Office of the United States Courts, as applicable), of $500 in each case in which the reporting individual fails to file a transaction report required under this Act or an amendment made by this Act. The fines paid under this section shall be deposited in the miscellaneous receipts of the Treasury. . The amendments made by paragraph
(1)shall take effect on the date on which the reporting individual who is a Member of Congress commences the first new term of service as a Member of Congress on or after January 31, 2023. Not later than 1 year after the date of enactment of this Act, each supervising ethics office (as defined in section 13101 of title 5, United States Code) (including the Administrative Office of the United States Courts, as applicable) shall amend the rules, regulations, guidance, documents, papers, and other records of the supervising ethics office in accordance with the amendment made by this section.
Connectionstraces to 1
1 reference not yet in our index
  • Pub. L. 112-105
Citation graph
cites case law
Sec. 3
Penalty for STOCK Act noncompliance
Pub. L.Pub. L. 112-105
Cites 2Cited by 0 across 0 sources
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.