Restore Trust in Government Act

This bill would bar Members of Congress, the President, the Vice President, and their spouses and dependent children from owning or trading stocks, commodities, futures, and similar investments. Covered people would have to sell these investments within 180 days of the law taking effect, or within 90 days of taking office later. Some holdings would be exempt, including diversified publicly traded funds, U.S. Treasury and state or municipal bonds, small business interests, and certain Alaska Native settlement stock. People who violate the rules would pay a fee of 10 percent of the investment's value and give up any profits, and could not use office or campaign funds to pay. Ethics offices would publish each fine and the reason for it on a public website.

Full text and official record on Congress.gov

Sponsors

• Seth Magaziner Democrat sponsor
• 95 cosponsors