To amend chapter 131 of title 5, United States Code, to prevent Members of Congress and their spouses and dependent children from trading stocks and owning stocks, and for other purposes.
Sponsors
Legislative Progress
ReportedReported by Mr. Peters, with an amendment
Reported by Mr. Peters, with an amendment
Reported by Mr. Peters, with an amendment
Reported by Mr. Peters, with an amendment
Reported by Mr. Peters, with an amendment
Reported by Mr. Peters, with an amendment
Reported by Mr. Peters, with an amendment
Reported by Mr. Peters, with an amendment
Reported by Mr. Peters, with an amendment
Reported by Mr. Peters, with an amendment
Summary
What This Bill Does
Requires Members of Congress and their spouses and dependent children to place covered investments including stocks, commodities, and futures in qualified blind trusts.
Who Benefits and How
Public confidence in Congress improved. Conflict of interest concerns addressed. Ethics enforcement strengthened.
Who Bears the Burden and How
Members must divest or use blind trusts. Families lose control of investment decisions. Compliance costs for affected individuals.
Key Provisions
- Requires qualified blind trusts for congressional investments
- Covers securities, commodities, and futures
- Includes investments held through funds, trusts, and benefit plans
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Requires Members of Congress and their families to place investments in qualified blind trusts
Policy Domains
Legislative Strategy
"Eliminate congressional insider trading conflicts"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
Key Definitions
Terms defined in this bill
security, commodity, future, or synthetic interest including through funds
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