CONGRESS FOR VOTERS

DemocratBill · H.R. 396· House(119-HR-396)

TRUST in Congress Act

Rep. Magaziner
Age: 43 years
Rhode Island
Introduced
1/14/2025
Last activity
1/14/2025 — Referred to the House Committee on House Administration.
Sponsored by
Seth Magaziner
Cosponsors
Democrat - 84Republican - 19
Congress
  1. Introduced
  2. In Committee

What this bill would do

The "TRUST in Congress Act" requires Members of Congress, their spouses, and their dependent children to place covered investments into qualified blind trusts. For those currently in office, this must be done within 180 days of the Act's enactment. New Members must complete this process within 90 days of assuming office. The bill also prohibits the dissolution of these trusts or control over the investments until 180 days after a Member leaves office. Additionally, Members must certify the establishment of these trusts to the Clerk of the House or the Secretary of the Senate.

Yes

  • Does this make what the government does easier for the public to see?+8

    The bill requires the Clerk of the House and Secretary of the Senate to publish asset certifications on public websites.

  • Does this give people more protection from unfair business practices?+3

    The bill reduces potential conflicts of interest that could lead to unfair market practices by Members of Congress.

The opposite

  • Would high-income households be better off under this?-4

    Members of Congress and their families face new restrictions on their ability to control or dissolve specific investments.