; and (2) does not apply to a covered financial instrument held in a qualified blind trust operated on behalf of, or for the benefit of, a Member of Congress or the Member’s spouse. (c) Penalties (1) Disgorgement A Member of Congress and the Member’s spouse shall disgorge to the general fund of the Treasury any profit from a transaction or holding involving a covered financial instrument that is conducted in violation of this section. (2) Income tax A loss from a transaction or holding involving a covered financial instrument that is conducted in violation of this section may not be deducted from the amount of income tax owed by the applicable Member of Congress or the Member’s spouse. (3) Fines A Member of Congress who holds or conducts a transaction involving a covered financial instrument in violation of this section may be subject to a civil fine as described under section 13106(a). 13153. Supervising ethics office certification of compliance and audit (a) Certification (1) In general Not later than seven days after the beginning of any session of Congress, each Member of Congress shall submit to the supervising ethics office a written certification that the Member and the Member’s spouse has achieved compliance with the requirements of this subchapter. (2) Publication The supervising ethics office shall publish each certification submitted under paragraph (1) on a publicly available website. (b) Audit Not less than every two years, the supervising ethics office shall conduct an audit of the compliance by Members of Congress with the requirements of this subchapter. . (b) Clerical amendment The table of sections for such chapter 131 is amended by inserting after the item relating to section 13146 the following: SUBCHAPTER IV—RESTRICTIONS REGARDING FINANCIAL INSTRUMENTS 13151. Definitions. 13152. Prohibition on certain transactions and holdings involving covered financial instruments. 13153. Supervising ethics office certification of compliance and audit. . (c) Application The amendments made by subsection (a)