1. Short title This Act may be cited as the Eliminating Executive Branch Insider Trading Act . 2. Sense of Congress It is the sense of Congress that executive branch officials should not have a personal financial interest in the outcome of Government policy decisions. 3. Banning insider trading in the executive branch (a) In general Chapter 131 of title 5, United States Code, is amended by adding at the end the following: IV Banning insider trading in the executive branch 13161. Definitions In this subchapter: (1) Covered financial instrument (A) In general The term covered financial instrument means— (i) any investment in— (I) a security (as defined in section 3(a) of Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) )); (II) a security future (as defined in that section); or (III) a commodity (as defined in section 1a of the Commodity Exchange Act ( 7 U.S.C. 1a )); or (ii) any economic interest comparable to an interest described in clause (i) that is acquired through synthetic means, such as the use of a derivative, including an option, warrant, or other similar means. (B) Exclusions The term covered financial instrument does not include— (i) a diversified mutual fund; (ii) a diversified exchange-traded fund; (iii) a United States Treasury bill, note, or bond; or (iv) compensation from the primary occupation of a covered individual who is a spouse or dependent of an individual described in subparagraphs (A) through (E) of paragraph (2). (2) Covered individual The term covered individual means— (A) the President; (B) the Vice President; (C) each officer or employee in the executive branch, including a special Government employee as defined in section 202 of title 18, who occupies a position classified GS–15 or above of the General Schedule or, in the case of positions not under the General Schedule, for which the rate of basic pay is equal to or greater than 120 percent of the minimum rate of basic pay payable for GS–15 of the General Schedule