Bipartisan Restoring Faith in Government Act
Sponsor
Full profile: /officials/F000466
Source: Congress.gov · FEC
Cosponsors (14)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
14 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
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.
2025-01-09
Source: Congress.gov
Committee Activity
Currently in
- House Committee on Ways and MeansReferred To · 2025-01-09
- House Committee on House AdministrationReferred To · 2025-01-09
Plain-English Summary
Bipartisan Restoring Faith in Government Act This bill prohibits Members of Congress (and their spouses and dependents) from purchasing or selling certain investments, such as individual stocks and related financial instruments that are not diversified investment funds, U.S. Treasury securities, or other specified holdings. Members must divest prohibited investments within 90 days by selling them or placing them in a qualified blind trust. The bill also restricts communications between trustees and beneficiaries related to investments held in qualified blind trusts. Members must certify their compliance with the supervising ethics office, which must make the certificates publicly available online. Violations are subject to specified civil penalties. Additionally, losses stemming from a transaction involving a prohibited investment that violates the provisions of the bill may not be deducted from income taxes.
Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.
Subjects
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