Requires Members of Congress and their families to put investments in blind trusts or sell them.
This bill would require Members of Congress, their spouses, and dependent children to either sell off their individual stocks and other 'covered investments' or place them into a special 'blind trust.' This aims to prevent potential conflicts of interest by keeping lawmakers from making investment decisions while in office. The public would also gain more insight into these financial arrangements.
Today, federal law does not require Members of Congress, their spouses, or dependent children to place specific investments into blind trusts or sell them. If this bill passes, current Members and their families would have 120 days after the law takes effect to either sell these investments or put them into a qualified blind trust. New Members would have 120 days after starting service. Additionally, all Members and their families would be banned from buying new individual stocks or other covered investments while the Member serves in Congress.
S 1879 · 119th Congress · May 22, 2025 · AI Summary by gemini-2.5-flash · 8/10
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