1. Short title This Act may be cited as the Bipartisan Ban on Congressional Stock Ownership Act of 2023 . 2. Bar on stock trading and ownership by Members of Congress and spouses (a) Definitions In this section: (1) Commodity The term commodity has the meaning given that term in section 1a of the Commodity Exchange Act ( 7 U.S.C. 1a ). (2) Congressional ethics committee The term congressional ethics committee has the meaning given that term in section 13101 of title 5, United States Code. (3) Diversified The term diversified , with respect to an investment fund, means that the investment fund does not have a stated policy of overly concentrating its investments. (4) Member of Congress The term Member of Congress has the meaning given that term in section 13101 of title 5, United States Code. (5) Security The term security has the meaning given that term in section 3(a) of Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) ). (6) Small business concern The term small business concern has the meaning given that term under section 3 of the Small Business Act ( 15 U.S.C. 632 ). (7) Widely held investment fund The term widely held investment fund means a widely held investment fund described in 13104(f)(8) of title 5, United States Code. (b) Divestment (1) In general Except as provided in subsection (c), no Member of Congress or spouse of a Member of Congress may own an interest in or trade (except as a divestment) any stock, bond, commodity, future, or other form of security, including an interest in a hedge fund, a derivative, option, or other complex investment vehicle. (2) Implementation (A) Current Members (i) In general Except as provided in clause (ii), an individual who is a Member of Congress on the date of enactment of this Act, or the spouse of such an individual, shall complete the divestment of any asset described in paragraph (1) by not later than 180 days after the date of enactment of this Act. (ii) Certain assets For an asset described in paragraph (1) that is an interest in a hedge fund, venture