# 119-hr-253: Bipartisan Restoring Faith in Government Act

119-hr-253, Bipartisan Restoring Faith in Government Act, is a 119th Congress bill sponsored by Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-253
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-253
- Congress: 119
- Title: Bipartisan Restoring Faith in Government Act
- Status: introduced
- Introduced: 2025-01-09
- Sponsor: Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA)
- Cosponsors: 14
- Policy area: Congress
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**A ban on Members of Congress and their immediate families owning or trading most securities and derivatives would aim to remove personal financial conflicts from lawmaking.** The bill defines covered investments and creates clear rules for divestment, approved blind trusts, enforcement, and related tax consequences. - Covered individuals would have 90 days to divest prohibited holdings or place them into a supervising-ethics-office approved qualified blind trust. Trustees must divest trust assets within 6 months and annually certify that no asset information was shared with the covered individual. - The prohibition keeps narrow exceptions to limit disruption: widely held registered investment funds, U.S. Treasury bills, notes, and bonds, state and local bonds, and Thrift Savings Plan investments remain allowed. - Ethics offices must issue public certificates of compliance and may refer suspected willful violations to the Attorney General. Courts could impose civil penalties up to $50,000, and tax rules would bar deductions for losses from transactions that violate the prohibition.

## Cosponsors (14)

- Rep. Ocasio-Cortez, Alexandria [D-NY-14] (D-NY), 2025-01-09T00:00:00.000Z
- Rep. Mills, Cory [R-FL-7] (R-FL), 2025-01-09T00:00:00.000Z
- Rep. Krishnamoorthi, Raja [D-IL-8] (D-IL), 2025-01-09T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2025-01-13T00:00:00.000Z
- Rep. Khanna, Ro [D-CA-17] (D-CA), 2025-01-13T00:00:00.000Z
- Rep. Deluzio, Christopher R. [D-PA-17] (D-PA), 2025-01-15T00:00:00.000Z
- Rep. McGarvey, Morgan [D-KY-3] (D-KY), 2025-03-31T00:00:00.000Z
- Rep. Levin, Mike [D-CA-49] (D-CA), 2025-04-17T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2025-05-05T00:00:00.000Z
- Rep. Stansbury, Melanie A. [D-NM-1] (D-NM), 2025-05-13T00:00:00.000Z
- Rep. Raskin, Jamie [D-MD-8] (D-MD), 2025-07-14T00:00:00.000Z
- Rep. Lee, Summer L. [D-PA-12] (D-PA), 2025-10-31T00:00:00.000Z
- Rep. Van Drew, Jefferson [R-NJ-2] (R-NJ), 2025-12-03T00:00:00.000Z
- Rep. Landsman, Greg [D-OH-1] (D-OH), 2025-12-16T00:00:00.000Z

## Provisions PRIA read

- New limits on investments for Congress families: cost, high. If enacted, Members of Congress, their spouses, and dependents would be barred from owning or trading most stocks, futures, commodities, and similar derivatives. They could still hold widely held mutual funds, U.S. Treasury bills, notes, or bonds, state or local bonds, and Thrift Savings Plan funds…
- Public compliance and $50,000 fines for violators: cost, high. If enacted, Members would have to sign a pledge and provide documents on request to prove compliance. The ethics office would issue compliance certificates and post them on a public website. The office would refer likely willful violators to the Attorney General. The Attorney General could sue, and…
- Divestment tax relief but loss deduction ban: mixed, high. If enacted, a covered person could not deduct tax losses from trades or holdings that broke the ban. At the same time, covered people would be treated as eligible for an existing conflict-of-interest tax rule. A divestiture certificate from the Congressional ethics committee would meet that rule’s…
- Stricter blind trust rules for Congress: mixed, low. If enacted, the ethics office would have to approve any qualified blind trust used to comply. The trustee would need to sell any placed asset within 6 months and certify each year that no information was shared with the covered person. The trustee could not be a close friend or business partner. If…

## Related bills

- 119-hr-2048: Metastatic Breast Cancer Access to Care Act
- 119-hr-1787: Roberto Clemente Commemorative Coin Act
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-5106: Restore Trust in Congress Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-3277: Ensuring Lasting Smiles Act

## Sources
- [119-hr-253 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/253)

## Related
- [119-hr-2048: Metastatic Breast Cancer Access to Care Act](https://policyrisk.com/legislation/119-hr-2048)
- [119-hr-1787: Roberto Clemente Commemorative Coin Act](https://policyrisk.com/legislation/119-hr-1787)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-5106: Restore Trust in Congress Act](https://policyrisk.com/legislation/119-hr-5106)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-3277: Ensuring Lasting Smiles Act](https://policyrisk.com/legislation/119-hr-3277)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-253 (as of 2026-09-21).