To amend title 5, United States Code, to prohibit transactions involving certain financial instruments by senior Federal employees, their spouses, or dependent children, 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
The bill creates short title This Act may be cited as the Dismantling Investments in Violation of Ethical Standards through Trusts Act, provides prohibiting transactions and ownership of certain financial instruments by senior Federal employees, their spouses, or dependent children Chapter 13 of title 5, United States Code, is amended by adding after, and defines definitions In this subchapter: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of Securities Exchange Act of 1934 (15 U.S.C. It relies on reporting requirements, compliance mandates, definition changes, and tax rate changes. The main policy areas are Financial Services and Finance.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk and Financial services firms and customers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Creates short title This Act may be cited as the Dismantling Investments in Violation of Ethical Standards through Trusts Act.
- Provides prohibiting transactions and ownership of certain financial instruments by senior Federal employees, their spouses, or dependent children Chapter 13 of title 5, United States Code, is amended by adding after...
- Defines definitions In this subchapter: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of Securities Exchange Act of 1934 (15 U.S.C.
- Requires prohibition on certain transactions and holdings involving covered financial instruments Except as provided in subsection (b), a senior Federal employee, their spouse, or their dependent children may not...
- Requires certification of compliance Not less frequently than annually, each senior Federal employee shall submit to the supervising ethics office a written certification that the employee, their spouse, or their...
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
The bill creates short title This Act may be cited as the Dismantling Investments in Violation of Ethical Standards through Trusts Act, provides prohibiting transactions and ownership of certain financial instruments by senior Federal employees, their spouses, or dependent children Chapter 13 of title 5, United States Code, is amended by adding after, and defines definitions In this subchapter: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of Securities Exchange Act of 1934 (15 U.S.C.
Key Policy Areas
Financial Services, Finance
Primary Purpose
The bill creates short title This Act may be cited as the Dismantling Investments in Violation of Ethical Standards through Trusts Act, provides prohibiting transactions and ownership of certain financial instruments by senior Federal employees, their spouses, or dependent children Chapter 13 of title 5, United States Code, is amended by adding after, and defines definitions In this subchapter: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of Securities Exchange Act of 1934 (15 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Financial services firms and customers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Cloud (for himself and Mr. Golden of Maine) introduced …
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?
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