Bill > HRes725

This resolution provides for the consideration of H.R. 1908, the "Restore Trust in Congress Act," which aims to prohibit Members of Congress, their spouses, and dependent children from trading or owning certain investments. The resolution establishes a streamlined process for House consideration of the bill, including waiving points of order, allowing one hour of debate divided equally between the chair and ranking minority member of the Financial Services Committee, and permitting one motion to recommit. The bill itself defines "covered investments" broadly as securities, commodities, futures, and similar economic interests, with specific exemptions for widely held diversified funds, government bonds, small business interests, and investments related to personal residences. Covered individuals would be required to divest such investments within 180 days of the act's enactment, with potential extensions granted for specific circumstances. Violations would result in penalties including a 10% fee on the investment's value and disgorgement of profits, with these penalties to be published publicly and prohibited from being paid using congressional allowances or campaign contributions.

https://www.congress.gov/bill/119th-congress/house-resolution/725/all-info