# Summary of H.R. 6842 — STOCK Act 2.0
This bill strengthens financial transparency and conflict-of-interest rules for senior government officials, including members of Congress, federal judges, Supreme Court justices, Federal Reserve officials, and the President and Vice President. It requires these officials and their spouses and dependent children to report any federal government payments they receive, such as loans, contracts, or grants, within 30 to 45 days, with a $5,000 fine for failures to report. The bill also bans these covered individuals from holding stocks, bonds, commodities, cryptocurrencies, and other securities, requiring them to divest within 120 days of taking office or the bill's enactment, with potential extensions up to 150 days for inherited assets. Additionally, the legislation mandates that Congress, the courts, and Federal Reserve establish electronic filing systems and public databases where citizens can search, sort, and download financial disclosure forms by filer name, asset type, and transaction details within 18 months of enactment. Enforcement includes fines of at least 10 percent of the value of improperly held financial interests and requires compliance certifications from covered officials.