# 119-s-3649: Restore Trust in Congress Act

119-s-3649, Restore Trust in Congress Act, is a 119th Congress bill sponsored by Sen. Moody, Ashley [R-FL] (R-FL); status introduced; PRIA reads it as touching household money (as of 2026-07-11).

- Canonical: https://policyrisk.com/legislation/119-s-3649
- As of: 2026-07-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3649
- Congress: 119
- Title: Restore Trust in Congress Act
- Status: introduced
- Introduced: 2026-01-15
- Sponsor: Sen. Moody, Ashley [R-FL] (R-FL)
- Cosponsors: 2
- Policy area: Government Operations and Politics
- Touches household money: yes
- Last recorded action: 2026-07-11

## Summary

**Ban on owning or trading certain investments by Members of Congress and their spouses and dependent children.** This bill would bar covered individuals from buying or holding "covered investments" like securities, commodities, futures, and synthetic equivalents and sets deadlines, exemptions, and enforcement rules for divestiture. - Members, spouses, and dependent children would have to divest covered investments. Those covered on enactment get 180 days to divest and those who become covered later get 90 days. Widely held public funds, U.S. Treasuries, state and municipal bonds, small business interests, and certain Alaska Native settlement stock are excluded. - Trusts and special acquisitions get specific rules. Qualified blind trusts must be divested by the deadline. Family trusts can be exempt if a noncovered family member is the grantor and did not contribute the investment. Acquisitions by inheritance, marriage, or divorce settlements must be divested within 90 days. - Ethics offices handle compliance and penalties. Supervising ethics offices issue certificates of divestiture, can grant extensions for low liquidity or contractual limits, and must publish fine descriptions. Violations can trigger disgorgement of profits and a civil fee equal to 10 percent of the investment’s value. Senators and Members cannot pay penalties from specified official or campaign funds.

## Cosponsors (2)

- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY), 2026-01-15T00:00:00.000Z
- Sen. Young, Todd [R-IN] (R-IN), 2026-03-18T00:00:00.000Z

## Provisions PRIA read

- Tax certificate for forced divestitures: benefit, medium. If enacted, the bill would make covered individuals eligible for Internal Revenue Code section 1043 relief when they must sell investments under this rule. A supervising ethics office would issue a certificate of divestiture after you show proof you complied with sale deadlines or got an extension.…
- Public posting of fines and guidance: benefit, low. If enacted, each supervising ethics office would publish on a public website the amount of every fine, the reason it was assessed, and the result. They would also issue interpretive guidance to explain any key terms that the rules did not define. This would increase transparency about enforcement.
- Ban on trading for Congress members: cost, high. If enacted, this bill would stop Members of Congress, their spouses, and dependent children from buying or owning many securities, commodities, futures, or derivatives while serving. It would exclude common items like U.S. Treasuries, state and local bonds, widely held public funds, some small busi…
- Civil fines and disgorgement for violators: cost, high. If enacted, a supervising ethics office would be able to order a covered individual who breaks the trading or ownership rules to pay a fee equal to 10% of the covered investment's value. The office could also require disgorgement of any profits from the violating trade. Disgorged profits would be p…
- No official funds to pay penalties: cost, low. If enacted, Senators and House Members could not use certain official office accounts to pay penalties. Senators could not use the Senators' Official Personnel and Office Expense Account. House Members could not use the Members' Representational Allowance. They also could not pay penalties with cam…

## Related bills

- 119-s-1541: SHIPS for America Act of 2025
- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-545: Combating Illicit Xylazine Act
- 119-s-1404: Combating Organized Retail Crime Act
- 119-s-1763: Motorsports Fairness and Permanency Act of 2025
- 119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act

## Sources
- [119-s-3649 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3649)

## Related
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-545: Combating Illicit Xylazine Act](https://policyrisk.com/legislation/119-s-545)
- [119-s-1404: Combating Organized Retail Crime Act](https://policyrisk.com/legislation/119-s-1404)
- [119-s-1763: Motorsports Fairness and Permanency Act of 2025](https://policyrisk.com/legislation/119-s-1763)
- [119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-s-1289)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3649 (as of 2026-07-11).