Restore Trust in Government Act
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Restore Trust in Government Act aims to increase public confidence in government by prohibiting Members of Congress, the President, Vice President, and their families from owning or trading stocks and other investments. It establishes new rules regarding covered investments, divestment timelines, and penalties for non-compliance. The bill also includes provisions for trusts and offers guidance on interpreting key terms.
Key provisions
- Prohibits Members of Congress, the President, Vice President, and their families from owning or trading stocks and other investments (covered investments).
- Establishes a timeline for divestment of covered investments, with varying deadlines based on when an individual becomes a ‘covered individual.’
- Creates a ‘qualified blind trust’ exception for investments held in such trusts.
- Allows for exemptions for family trusts under specific conditions, including no grantor or contributor involvement.
- Defines ‘diversified’ investments to exclude funds concentrated in specific industries or markets.
- Specifies penalties for violating the restrictions, including fees and disgorgement of profits.
- Restricts the sources from which Members of Congress can pay penalties.
- Requires public disclosure of fines assessed by ethics offices.
Who is affected
- Members of Congress
- The President
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
93 on record
Primary sponsor
Cosponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours