To prohibit Federal officials from owning covered investments, 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 prohibit Federal officials from owning covered investments, and for other
purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Social Welfare, Government Operations.
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 H41224F0F02E34607BE0CB225588DEBF3: 1. Short title This Act may be cited as the Restoring Trust in Public Servants Act.
- Section H1E3F9C9A1F1D485DB9176505458FFE61: 2. Ownership of covered investments In this section: The terms commodity and security future have the meanings given those term in section 1a of the Commodity...
- Section H05D0766CA22C488AAE51F851E39B3333: 3. Ban on all outside earned income and all service on boards by Members of Congress Section 13143(a)(1) of title 5, United States Code, is amended by striking...
- Section H72E32AF152F94FDF9429160C8D5C6D76: 4. Lifetime lobbying ban Section 207(e) of title 18, United States Code, is amended— by striking paragraph (1) and inserting the following: Any person who is a...
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 prohibit Federal officials from owning covered investments, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Social Welfare, Government Operations
Primary Purpose
This bill, To prohibit Federal officials from owning covered investments, 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. Kim introduced the following bill; which was read twice …
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
Key Definitions
Terms defined in this bill
any of the following: In the case of an individual described in paragraph (3)(A)— the Select Committee on Ethics of the Senate
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