; and (2) by inserting after clause 21 the following: 22. A Member, Delegate, or Resident Commissioner may not own the common stock of any individual corporation. . (b) Effective date The amendment made by subsection (a) shall take effect immediately before noon on January 3, 2025. 6. Reduction of pay of Members of House if Speaker is not elected (a) Reduction of pay (1) Reduction If, by the end of the first day of a Congress, the House of Representatives has not elected a Speaker, the annual rate of pay applicable under section 601(a) of the Legislative Reorganization Act of 1946 ( 2 U.S.C. 4501 ) with respect to each Member of the House of Representatives for the year shall be reduced by an amount equal to the product of— (A) an amount equal to one day’s worth of pay under such annual rate; and (B) the number of 24-hour periods occurring during the Congress during which no Speaker has been elected for the Congress. (2) Effective date This subsection shall apply with respect to the One Hundred Nineteenth Congress and each succeeding Congress. (b) Rule for One Hundred Eighteenth Congress (1) Holding salaries in escrow If, by the end of the first day of the One Hundred Eighteenth Congress, the House of Representatives has not elected a Speaker, the Chief Administrative Officer of the House of Representatives, or an employee of the Office of the Chief Administrative Officer who is designated by the Chief Administrative Officer to carry out this Act, shall— (A) deposit in an escrow account and exclude from the payments otherwise required to be made for the compensation of each Member of the House of Representatives with respect to a pay period during which the House has not elected a Speaker an amount equal to the product of— (i) the daily rate of pay of the Member under section 601(a) of the Legislative Reorganization Act of 1946 ( 2 U.S.C. 4501 ); and (ii) the number of 24-hour periods during which no Speaker has been elected for the One Hundred Eighteenth Congress