# 117-hr-8990: Combatting Financial Conflicts of Interest in Government Act

117-hr-8990, Combatting Financial Conflicts of Interest in Government Act, is a 117th Congress bill sponsored by Rep. Lofgren, Zoe [D-CA-18] (D-CA); status Referred to the Committee on Oversight and Reform, and in addition to the Committees on House Administration, the Judiciary, 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. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-8990
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-8990
- Congress: 117
- Title: Combatting Financial Conflicts of Interest in Government Act
- Status: Referred to the Committee on Oversight and Reform, and in addition to the Committees on House Administration, the Judiciary, 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.
- Introduced: 2022-09-28
- Sponsor: Rep. Lofgren, Zoe [D-CA-18] (D-CA)
- Cosponsors: 0
- Policy area: Government Operations and Politics
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Combatting Financial Conflicts of Interest in Government Act This bill generally prohibits senior government officials from owning or trading in synthetic assets (i.e., tokenized derivatives). It also establishes financial disclosure requirements with respect to cryptocurrency. Specifically, the bill prohibits senior officials, Members of Congress, the President, the Vice President, certain presidential appointees, judicial officers, members of the Federal Reserve Board, and presidents or vice presidents of a Federal Reserve bank from owning or trading investments in a security, a commodity, a future, cryptocurrency, or any comparable economic interest acquired through synthetic means, such as through a derivative. Such investments must be divested through gift or donation, cashing out, or a qualified blind trust. The appropriate ethics office may grant temporary exemptions in certain situations, such as for preexisting complex financial arrangements from which investments cannot be withdrawn, and may assess fees for violations. The Department of Justice may also bring civil actions for violations. The bill also (1) incorporates cryptocurrency and other digital assets into current financial disclosure requirements; (2) modifies the categories and timelines for financial disclosures; and (3) requires agencies, ethics offices, and the Department of Justice to regularly report on violations of this bill and other related requirements.

## Related bills

- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-3076: Postal Service Reform Act of 2022
- 117-hr-7791: Access to Baby Formula Act of 2022
- 117-hr-2992: TBI and PTSD Law Enforcement Training Act
- 117-hr-2930: Safeguard Tribal Objects of Patrimony Act of 2021
- 117-hr-263: Big Cat Public Safety Act

## Sources
- [117-hr-8990 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/8990)

## Related
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-3076: Postal Service Reform Act of 2022](https://policyrisk.com/legislation/117-hr-3076)
- [117-hr-7791: Access to Baby Formula Act of 2022](https://policyrisk.com/legislation/117-hr-7791)
- [117-hr-2992: TBI and PTSD Law Enforcement Training Act](https://policyrisk.com/legislation/117-hr-2992)
- [117-hr-2930: Safeguard Tribal Objects of Patrimony Act of 2021](https://policyrisk.com/legislation/117-hr-2930)
- [117-hr-263: Big Cat Public Safety Act](https://policyrisk.com/legislation/117-hr-263)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-8990 (as of 2025-11-18).