BillTrack50 logo
Free Signup Login
Bill

Bill > HR396

US HR396

US HR396
TRUST in Congress Act Transparent Representation Upholding Service and Trust in Congress Act

summary

Introduced
01/14/2025
In Committee
01/14/2025
Crossed Over
Passed
Dead

Introduced Session

119th Congress

Bill Summary

A BILL To require Members of Congress and their spouses and dependent children to place certain assets into blind trusts, and for other purposes.

AI Summary

This bill requires Members of Congress, along with their spouses and dependent children, to place certain financial investments into blind trusts within specified timeframes after the bill's enactment. A blind trust is a financial arrangement where an independent trustee manages investments without the owner's knowledge, preventing potential conflicts of interest. Members of the House of Representatives and Senators must certify to their respective chambers' administrative officials (the Clerk and Secretary) that they have established a qualified blind trust or that they do not own any covered investments. Covered investments include securities, commodities, futures, and derivative-like economic interests, but exclude widely held investment funds and U.S. Treasury securities. Members must keep these blind trusts in place for 180 days after leaving office. There is an exception for spouses or dependent children who receive compensation through their primary occupation's investments. The bill aims to increase transparency and prevent potential financial conflicts of interest for congressional members by ensuring they cannot directly influence investments while serving in office. Certification of these blind trusts will be made publicly available on official websites, providing transparency to constituents about congressional members' financial arrangements.

Committee Categories

Government Affairs

Sponsors (102)

Seth Magaziner (D)*,  Alma Adams (D),  Gabe Amo (D),  Yassamin Ansari (D),  Jake Auchincloss (D),  Ami Bera (D),  Don Beyer (D),  Lauren Boebert (R),  Suzanne Bonamici (D),  Kat Cammack (R),  Greg Casar (D),  Juan Ciscomani (R),  Emanuel Cleaver (D),  Joe Courtney (D),  Angie Craig (D),  Eli Crane (R),  Jason Crow (D),  Sharice Davids (D),  Don Davis (D),  Madeleine Dean (D),  Suzan DelBene (D),  Chris Deluzio (D),  Maxine Dexter (D),  Lloyd Doggett (D),  Sarah Elfreth (D),  Veronica Escobar (D),  Teresa Fernandez (D),  Laura Friedman (D),  Robert Garcia (D),  Chuy García (D),  Marie Gluesenkamp Pérez (D),  Jared Golden (D),  Josh Gottheimer (D),  Josh Harder (D),  Steven Horsford (D),  Chrissy Houlahan (D),  Val Hoyle (D),  Jared Huffman (D),  Jeff Hurd (R),  Dusty Johnson (R),  Marcy Kaptur (D),  Tom Kean (R),  Bill Keating (D),  Ro Khanna (D),  Young Kim (R),  Greg Landsman (D),  John Larson (D),  George Latimer (D),  Mike Lawler (R),  Summer Lee (D),  Mike Levin (D),  Anna Luna (R),  Nancy Mace (R),  Ryan Mackenzie (R),  John Mannion (D),  Sarah McBride (D),  April McClain-Delaney (D),  Betty McCollum (D),  Morgan McGarvey (D),  Rob Menendez (D),  Kweisi Mfume (D),  Jared Moskowitz (D),  Frank Mrvan (D),  Greg Murphy (R),  Jerry Nadler (D),  Joe Neguse (D),  Donald Norcross (D),  Ralph Norman (R),  Eleanor Holmes Norton (D),  Zach Nunn (R),  Johnny Olszewski (D),  Ilhan Omar (D),  Chris Pappas (D),  Scott Perry (R),  Brittany Pettersen (D),  Chellie Pingree (D),  Mark Pocan (D),  Nellie Pou (D),  Delia Ramirez (D),  Emily Randall (D),  Jamie Raskin (D),  Josh Riley (D),  Chip Roy (R),  Andrea Salinas (D),  Linda Sánchez (D),  Mary Gay Scanlon (D),  Hillary Scholten (D),  Keith Self (R),  Mikie Sherrill (D),  Eric Sorensen (D),  Greg Stanton (D),  Haley Stevens (D),  Emilia Sykes (D),  Shri Thanedar (D),  Mike Thompson (D),  Dina Titus (D),  Rashida Tlaib (D),  Paul Tonko (D),  Gabe Vasquez (D),  Eugene Vindman (D),  George Whitesides (D),  Nikema Williams (D), 

Last Action

Referred to the House Committee on House Administration. (on 01/14/2025)

bill text

bill summary

Loading...

bill summary

Loading...
Loading...