Restore Trust in Congress Act

This bill would bar Members of Congress, their spouses, and their dependent children from owning or trading stocks, commodities, futures, and similar investments. Diversified publicly traded funds, U.S. Treasury and state or municipal bonds, small business interests, and certain other assets would be exempt. Current covered individuals would have 180 days to sell covered investments, and people who later become covered would have 90 days. Violators would pay a fee of 10 percent of the investment's value and give up profits, and House Members could not use office allowances or campaign funds to pay. Ethics offices would publish fines online and issue certificates of divestiture tied to tax rules.

Full text and official record on Congress.gov

Sponsors

• Chip Roy Republican sponsor
• 144 cosponsors