HR. 253In Committee
Bipartisan Restoring Faith in Government Act
Prohibits Members of Congress and their families from trading individual stocks and certain other investments, while requiring divestment, compliance certification, and penalties for violations
Plain-English overview
What this bill does
Prohibits Members of Congress and their families from trading individual stocks and certain other investments, while requiring divestment, compliance certification, and penalties for violations
Key points
- Require divestment or blind trusts
- Require public compliance certifications
- Prohibit covered investment trading
- Limit tax deductions for losses
Current status
Where it stands
Status
In Committee
Latest action
2025-01-09 — Referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Related context
Topics and policy areas
undefinedCongressFamily relationshipsFinancial services and investmentsGovernment ethics and transparency, public corruptionGovernment information and archivesMembers of CongressSecurities