Restoring Trust in Public Servants Act

This bill would bar members of Congress, their spouses and dependent children, many congressional staff, the President, the Vice President, senior executive branch officials, and federal judges from owning or trading stocks, commodities, digital assets, and similar investments. Diversified mutual funds, diversified exchange-traded funds, U.S. Treasury securities, and government retirement plan funds would be exempt. Affected people would have 90 days to sell covered investments, could defer taxes on those sales, and would face fines that for some officials equal a month of salary for each month in violation, with violators' names posted online. The bill would also bar members of Congress from earning outside income or serving on boards, except unpaid nonprofit boards, and would permanently bar former members from lobbying Congress and executive officials or representing foreign entities.

Full text and official record on Congress.gov

Sponsors

• Andy Kim Democrat sponsor
• 0 cosponsors