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Ban on Stock Trading for Congress Members and Their Families.

This Act aims to restore public trust by imposing strict financial restrictions on Members of Congress, their spouses, and dependents. It prohibits them from owning or trading individual stocks, commodities, and derivatives, thereby eliminating potential conflicts of interest and insider trading risks. Citizens benefit from increased confidence that legislative decisions are made based on public interest, not personal financial gain.
Key points
Members of Congress and their families must sell or place most individual stocks and financial instruments into a qualified blind trust within 90 days of the Act's enactment.
The ban excludes widely held investment funds (like mutual funds), U.S. government bonds, and retirement plans (Thrift Savings Plan).
Willful violation carries a civil penalty up to $50,000, which cannot be paid using official government or campaign funds.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_253
Sponsor: Rep. Fitzpatrick, Brian K. [R-PA-1]
Process start date: 2025-01-09
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Bipartisan Restoring Faith in Government Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_253.

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 2025-01-09.

What are the main provisions?

Key points include:

  • Members of Congress and their families must sell or place most individual stocks and financial instruments into a qualified blind trust within 90 days of the Act's enactment.
  • The ban excludes widely held investment funds (like mutual funds), U.S. government bonds, and retirement plans (Thrift Savings Plan).
  • Willful violation carries a civil penalty up to $50,000, which cannot be paid using official government or campaign funds.
What is the specific legal status?

The current status is Introduced.

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. Fitzpatrick, Brian K. [R-PA-1].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

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