Restoring Trust in Public Servants Act
Sponsored By: Senator Sen. Kim, Andy [D-NJ]
Introduced
Summary
The bill would create a broad ethics framework _curbing financial conflicts and post‑service lobbying_ for federal officials and their families. It sets strict rules on investments, outside pay, board service, and lobbying after leaving office.
Show full summary
- Covered officials and their family members would be barred from owning a wide range of investments, including digital assets, derivatives, and indirect interests through funds or trusts. They would have 90 days to comply and the bill adds a tax-friendly divestiture certificate for eligible sales, while excluding diversified mutual funds, exchange traded funds, U.S. Treasury securities, and government retirement plans.
- Members of Congress, many officers, and certain staff would face a lifetime ban on outside earned income and paid board service. The bill would bar outside pay that exceeds 15 percent of annual income and preserves narrow carveouts for practicing medicine and for teaching with notification.
- Former Members would face a lifetime ban on lobbying Congress or covered executive officials, with expanded restrictions involving foreign entities, applying to departures on or after January 4, 2027. Supervising ethics offices must publish violators and can impose per-violation fines and a monthly salary-based penalty.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
New pay and investment limits for officials
If enacted, covered federal officials and some family members would be barred from owning or trading most investments while serving. You would have to sell covered investments within 90 days in three situations: holdings on enactment, holdings when you become covered, or purchases after becoming covered. A covered investment would include stocks, commodities, digital assets, futures, derivatives, and indirect interests through funds, trusts, or retirement plans, with narrow exclusions like diversified mutual funds and U.S. Treasuries. Violations could trigger a civil fee under existing law and, for senior officials and Members (or their family members), a monthly penalty equal to the official's monthly salary. The supervising ethics office would publish the names of violators. The bill would also change tax treatment for some forced sales after enactment.
Post-office lobbying and foreign-work bans for ex-members
If enacted, former Senators and Representatives would be barred for life from knowingly making lobbying contacts or engaging in lobbying activities with covered executive officials or Members of Congress. Former Members would also be barred at any time after leaving office from doing covered work for foreign governments, foreign political parties, or foreign principals as defined by the Foreign Agents Registration Act. The bill ties the terms 'lobbying' and 'covered official' to the Lobbying Disclosure Act and expands post-employment restrictions for officers and staff. The new lobbying rules would apply only to people who leave office on or after the earlier of the end of the first session of the 120th Congress or January 4, 2027.
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Sponsors & CoSponsors
Sponsor
Sen. Kim, Andy [D-NJ]
NJ • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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