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In the context of the politics of the United States, term limits restrict the number of terms of office an officeholder may serve. At the federal level, the president of the United States can serve a maximum of two four-year terms, with this being limited by the Twenty-second Amendment to the United States Constitution that came into force on February 27, 1951.
In 2024, 180 state legislators—79 state senators and 101 state representatives—are term-limited. This represents 3.1% of the 5,793 total seats up for election in November 2024 .
A senator elected in a special election takes office as soon as possible after the election and serves until the original six-year term expires (i.e. not for a full-term). The Seventeenth Amendment permits state legislatures to empower their governors to make temporary appointments until the required special election takes place.
A staggered board of directors or classified board is a prominent practice in US corporate law governing the board of directors of a company, corporation, or other organization, in which only a fraction (often one third) of the members of the board of directors is elected each time instead of en masse (where all directors have one-year terms).
Senators unveiled Wednesday a bipartisan plan that would ban the president, vice president and members of Congress from buying stocks and a wide range of other financial assets. The proposal from ...
Georgia Sen. Kelly Loeffler, a new senator who is up for re-election this year, sold off hundreds of thousands of dollars worth of stock in late January, as senators began to get briefings on the ...
The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
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