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Congressional Transparency: Mandatory Blind Trusts for Politicians and Families

This new law requires Members of Congress, their spouses, and dependent children to place certain investments into blind trusts. This aims to increase transparency and prevent conflicts of interest, ensuring political decisions are not influenced by personal financial gain. Citizens gain greater assurance regarding the integrity of their representatives.
Key points
Members of Congress and their families must place investments into blind trusts, meaning they have no control over the management of these assets.
The requirement covers investments in securities, commodities, and futures, excluding widely held investment funds and U.S. Treasury bonds.
Information about trust establishment or lack of such investments will be publicly available online, increasing citizen oversight.
Trusts cannot be dissolved or investments controlled for 180 days after a Member leaves Congress.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_336
Sponsor: Rep. Spanberger, Abigail Davis [D-VA-7]
Process start date: 2021-01-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

TRUST in Congress Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_336.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-01-15.

What are the main provisions?

Key points include:

  • Members of Congress and their families must place investments into blind trusts, meaning they have no control over the management of these assets.
  • The requirement covers investments in securities, commodities, and futures, excluding widely held investment funds and U.S. Treasury bonds.
  • Information about trust establishment or lack of such investments will be publicly available online, increasing citizen oversight.
  • Trusts cannot be dissolved or investments controlled for 180 days after a Member leaves Congress.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Spanberger, Abigail Davis [D-VA-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on House Administration.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Courts and Law Economy