CONGRESS FOR VOTERS

Seth Magaziner (D-RI)

Restore Trust in Government Act

H.R. 6731 · House bill Government Operations and Politics

A Democratic bill with 1 Republican cosponsor · See all 96 cosponsors

Last activity — 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.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

The Restore Trust in Government Act aims to prohibit specific high-ranking officials from owning or trading certain financial assets. These "covered individuals" include Members of Congress, the President, the Vice President, and their spouses and dependents. The bill restricts the ownership and trading of "covered investments," which include securities, commodities, and futures. To comply, these individuals must divest their holdings within a specific timeframe. The act also establishes penalties for those who violate these new trading and ownership restrictions.