To amend title 5, United States Code, to restrict trading and ownership of certain financial instruments by Members of Congress and their spouses and dependents, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend title 5, United States Code, to restrict trading and ownership of certain financial instruments by Members of Congress and their spouses and dependents, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Environment.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HB4BC068387DB44A4839B0C6F23BEAC32: 1. Short title This Act may be cited as the Bipartisan Restoring Faith in Government Act.
- Section HF88461A472CE444787D2977E2886A01C: 2. Prohibition of congressional ownership of financial investments Chapter 131 of title 5, United States Code, is amended by adding at the end the following:...
- Section HBDA872E5851E4C298F11EA6253B88727: 13151. Definitions In this subchapter: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of the Securities...
- Section HD3D5E2408F044AD689CE04E2323D27AB: 13152. Limitation on owning or trading certain assets Except as provided in this section, no covered individual may own or trade a covered financial...
- Section H1F83358627464E69BB90A12354A1928A: 13153. Enforcement The supervising ethics office shall refer to the Attorney General the name of any covered individual who such office has reasonable cause to...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend title 5, United States Code, to restrict trading and ownership of certain financial instruments by Members of Congress and their spouses and dependents, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Environment
Primary Purpose
This bill, To amend title 5, United States Code, to restrict trading and ownership of certain financial instruments by Members of Congress and their spouses and dependents, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Fitzpatrick (for himself, Ms. Ocasio-Cortez, Mr. Mills, and Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology