Bill > S3201

This bill, known as the "Good Government Act of 2025," aims to prohibit Members of Congress, their spouses, and dependent children from holding, purchasing, or selling certain financial investments (called "covered financial instruments") during a member's term of service. Covered financial instruments include specific investments like securities, commodity futures, and derivatives, with some exceptions like diversified mutual funds and government bonds. The bill requires current and new members of Congress to either divest these financial instruments within 120 days of the law's enactment or place them in a qualified blind trust, which is a trust managed without the knowledge of the owner to prevent potential conflicts of interest. Members must submit certifications to their ethics committees, and trustees of blind trusts must provide certain notifications. The bill includes enforcement mechanisms such as potential civil penalties equal to the member's monthly salary for non-compliance, mandatory disgorgement of profits from prohibited transactions, and the requirement to submit annual compliance certifications. Additionally, the Government Accountability Office will conduct an audit of congressional compliance two years after the law's enactment. The overarching goal is to prevent members of Congress from making financial decisions that could be influenced by their legislative responsibilities.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/senate-bill/3201/all-info