Top federal officials and their close family members could not own or trade most individual stocks while in office. They would have to sell covered investments by set deadlines. Violations would bring fines, lost profits, and public reporting.
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Restore Trust in Government Act is a House bill in committee. The latest recorded action: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Latest action on H.R. 6731: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Who this affects: This bill mainly affects top federal officials and their close family members. Members of Congress, the President, the Vice President, spouses, dependent children, and some trust managers would have to change how they invest. It also affects ethics offices, which would review trusts, grant extensions, issue tax-related certificates, impose penalties, and publish fines online.
Why this matters: This bill matters because it would change how top federal leaders handle personal investments while making public decisions. It aims to reduce conflicts of interest, or situations where an official's choices could affect their own money. It could also make violations easier for the public to see. The tradeoff is that some officials and families may have to sell assets, change financial plans, or avoid investments they would otherwise choose.
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