H.R. 358, known as the "No Corruption in Government Act," seeks to implement several changes affecting Members of Congress. First, it aims to prohibit insider trading by Members of Congress and their spouses by banning them from certain financial dealings, unless held in a blind trust....
Simple Explanation
H.R. 358 is a bill that wants to stop people in Congress from using secret knowledge to get rich with money deals and make them wait longer before they can work as lobbyists after leaving their job. It also says that their pay won't automatically go up anymore.