This bill amends the state governmental ethics law to prohibit members of the legislature from engaging in transactions involving stocks and other securities during the legislative session. Specifically, it establishes that no legislator may acquire, sell, exchange, or transfer any covered investment from January 1 until the adjournment of the regular session or at any time when the legislature is in session. The bill defines "covered investment" to include various forms of securities, commodities, and economic interests, while also outlining exceptions for diversified mutual funds, U.S. treasury securities, and certain retirement plans.

Additionally, the bill clarifies the definitions of terms such as "commodity," "diversified," and "future," ensuring that legislators have a clear understanding of what constitutes a covered investment. The new provisions are intended to enhance ethical standards within the legislature by preventing potential conflicts of interest during active legislative sessions. The act will take effect upon its publication in the statute book.