# 119-s-3201: Good Government Act of 2025

119-s-3201, Good Government Act of 2025, is a 119th Congress bill sponsored by Sen. Sheehy, Tim [R-MT] (R-MT); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-3201
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3201
- Congress: 119
- Title: Good Government Act of 2025
- Status: introduced
- Introduced: 2025-11-19
- Sponsor: Sen. Sheehy, Tim [R-MT] (R-MT)
- Cosponsors: 0
- Policy area: Congress
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Ban on trading and mandatory blind trusts for Members of Congress.** This bill would create a new rule set that bars Members, and their spouses and dependent children, from holding, buying, or selling specified "covered financial instruments" during a Member's term and requires divestment or placement of those assets into qualified blind trusts. It would also force public disclosure of trust agreements and asset schedules, require annual compliance certifications, and add enforcement powers and penalties to deter conflicts of interest. - Members and candidates: Would have defined timelines to divest or move covered instruments into qualified blind trusts and must file certifications and asset schedules for public posting. Penalties include disgorgement, civil fines equal to a Member's monthly pay, and administrative hearings. - Spouses and dependent children: Could place assets in a Member's qualified blind trust but would be subject to the same restrictions during the Member's term and a 180-day cooling-off period after the Member leaves office. - Oversight and transparency: Ethics committees would get authority to implement and enforce the new rules and publish related documents. The Government Accountability Office would audit compliance within two years of enactment.

## Provisions PRIA read

- GAO audit of Member compliance: benefit, low. If enacted, the Comptroller General would audit Member compliance with the new rules within two years and send a report to supervising ethics committees. The audit would look at certifications, divestments, blind trusts, and reporting.
- Fines and enforcement for Members: cost, high. If enacted, supervising ethics offices could send written notices when Members fail to certify, place assets in trusts, or follow reporting rules. Members who trade in violation could be required to disgorge profits to the U.S. Treasury. Beginning 30 days after a notice, civil penalties equal to on…
- Mandatory divestment and blind trusts: cost, high. If enacted, Members would have to certify within 30 days and divest or place each covered investment into an approved qualified blind trust within 120 days. Ethics offices could grant discretionary extensions, but total extensions for an instrument could not exceed 180 days and any single extension…
- New covered investments for Members: cost, high. If enacted, the bill would define "covered financial instrument" very broadly to include securities, futures, commodities, derivatives, and indirect or beneficial interests through funds, trusts, pension plans, or deferred compensation. It would treat many holdings as covered for Members and their…
- Change to Lobbying Disclosure reference: mixed, low. If enacted, the bill would change a cross-reference in the Lobbying Disclosure Act to use the term "officer or employee of Congress" as defined in title 5. This would change which officers or employees of Congress are covered for lobbying filing rules. The effect could broaden coverage for some and…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-1462: Fix Our Forests Act
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-2142: GOLDEN DOME Act of 2025
- 119-s-306: Fire Ready Nation Act of 2025

## Sources
- [119-s-3201 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3201)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-1462: Fix Our Forests Act](https://policyrisk.com/legislation/119-s-1462)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-2142: GOLDEN DOME Act of 2025](https://policyrisk.com/legislation/119-s-2142)
- [119-s-306: Fire Ready Nation Act of 2025](https://policyrisk.com/legislation/119-s-306)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3201 (as of 2026-04-21).