TRUST in Congress Act
Sponsored By: Representative Magaziner, Seth [D-RI-2]
Introduced
Summary
Require Members of Congress to place covered investments, and those of their spouses and dependent children, into qualified blind trusts. It would also require public certification when trusts are set up and limit control of trust assets for a short period after leaving office.
Show full summary
- Members of Congress would need to transfer covered investments into a qualified blind trust within either 180 days after enactment or 90 days after taking office.
- Spouses and dependent children must place covered investments in the Member's trust and may mix assets in the same trust. Investments tied to a spouse's or child's primary job pay are exempt.
- After leaving Congress, a Member and their spouse or dependent child could not dissolve the trust or control trust-held investments for 180 days.
- House Members must certify trust establishment to the Clerk and Senators must certify to the Secretary of the Senate within 15 days, and those certifications must be posted on the chamber websites.
- "Covered investments" include securities, commodities, futures, and similar synthetic interests but exclude widely held investment funds and U.S. Treasury bills, notes, and bonds.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Public certifications of blind trusts
If enacted, each House Member would have to certify to the Clerk within 15 days after setting up a qualified blind trust. Senators would certify to the Secretary of the Senate within 15 days. The certification would say the trust is set up and all covered investments were placed in it, or that none are owned. The Clerk and Secretary would post these certifications on their public websites.
Blind trusts for Members and families
If enacted, Members of Congress and their spouses and dependent children would have to put covered investments into a qualified blind trust. Current Members would have 180 days after enactment; new Members would have 90 days after taking office. A spouse or child could use the Member’s trust. Covered investments would include stocks, commodities, futures, and similar derivatives, but not widely held funds or U.S. Treasury bills, notes, or bonds. If a spouse or child is paid through an investment tied to their primary job, that investment would be exempt. After a Member leaves Congress, they could not dissolve or control the trust for 180 days.
Sponsors & CoSponsors
Sponsor
Magaziner, Seth [D-RI-2]
RI • D
Cosponsors
Rep. Roy, Chip [R-TX-21]
TX • R
Sponsored 1/14/2025
Adams
NC • D
Sponsored 1/14/2025
Rep. Beyer, Donald S. [D-VA-8]
VA • D
Sponsored 1/14/2025
Rep. Casar, Greg [D-TX-35]
TX • D
Sponsored 1/14/2025
Ciscomani
AZ • R
Sponsored 1/14/2025
Rep. Cleaver, Emanuel [D-MO-5]
MO • D
Sponsored 1/14/2025
Craig
MN • D
Sponsored 1/14/2025
Crane
AZ • R
Sponsored 1/14/2025
Crow
CO • D
Sponsored 1/14/2025
Rep. Davids, Sharice [D-KS-3]
KS • D
Sponsored 1/14/2025
DelBene
WA • D
Sponsored 1/14/2025
Rep. Deluzio, Christopher R. [D-PA-17]
PA • D
Sponsored 1/14/2025
Rep. Garcia, Robert [D-CA-42]
CA • D
Sponsored 1/14/2025
Rep. Golden, Jared F. [D-ME-2]
ME • D
Sponsored 1/14/2025
Rep. Gottheimer, Josh [D-NJ-5]
NJ • D
Sponsored 1/14/2025
Rep. Houlahan, Chrissy [D-PA-6]
PA • D
Sponsored 1/14/2025
Rep. Huffman, Jared [D-CA-2]
CA • D
Sponsored 1/14/2025
Johnson (SD)
SD • R
Sponsored 1/14/2025
Keating
MA • D
Sponsored 1/14/2025
Rep. Kim, Young [R-CA-40]
CA • R
Sponsored 1/14/2025
Rep. Landsman, Greg [D-OH-1]
OH • D
Sponsored 1/14/2025
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 1/14/2025
Rep. Leger Fernandez, Teresa [D-NM-3]
NM • D
Sponsored 1/14/2025
Levin
CA • D
Sponsored 1/14/2025
Rep. Mace, Nancy [R-SC-1]
SC • R
Sponsored 1/14/2025
McCollum
MN • D
Sponsored 1/14/2025
Mrvan
IN • D
Sponsored 1/14/2025
Rep. Murphy, Gregory F. [R-NC-3]
NC • R
Sponsored 1/14/2025
Rep. Nadler, Jerrold [D-NY-12]
NY • D
Sponsored 1/14/2025
Rep. Neguse, Joe [D-CO-2]
CO • D
Sponsored 1/14/2025
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 1/14/2025
Rep. Perez, Marie Gluesenkamp [D-WA-3]
WA • D
Sponsored 1/14/2025
Rep. Perry, Scott [R-PA-10]
PA • R
Sponsored 1/14/2025
Rep. Pettersen, Brittany [D-CO-7]
CO • D
Sponsored 1/14/2025
Rep. Pocan, Mark [D-WI-2]
WI • D
Sponsored 1/14/2025
Rep. Salinas, Andrea [D-OR-6]
OR • D
Sponsored 1/14/2025
Sherrill
NJ • D
Sponsored 1/14/2025
Rep. Sorensen, Eric [D-IL-17]
IL • D
Sponsored 1/14/2025
Rep. Stanton, Greg [D-AZ-4]
AZ • D
Sponsored 1/14/2025
Rep. Stevens, Haley M. [D-MI-11]
MI • D
Sponsored 1/14/2025
Rep. Titus, Dina [D-NV-1]
NV • D
Sponsored 1/14/2025
Rep. Tonko, Paul [D-NY-20]
NY • D
Sponsored 1/14/2025
Rep. Vasquez, Gabe [D-NM-2]
NM • D
Sponsored 1/14/2025
Rep. Williams, Nikema [D-GA-5]
GA • D
Sponsored 1/14/2025
Rep. Mackenzie, Ryan [R-PA-7]
PA • R
Sponsored 1/14/2025
Rep. Pappas, Chris [D-NH-1]
NH • D
Sponsored 1/14/2025
Rep. Hoyle, Val T. [D-OR-4]
OR • D
Sponsored 1/15/2025
Friedman
CA • D
Sponsored 1/15/2025
Rep. Dean, Madeleine [D-PA-4]
PA • D
Sponsored 1/22/2025
Rep. Nunn, Zachary [R-IA-3]
IA • R
Sponsored 1/22/2025
Rep. Kaptur, Marcy [D-OH-9]
OH • D
Sponsored 1/22/2025
McBride
DE • D
Sponsored 1/22/2025
Elfreth
MD • D
Sponsored 1/31/2025
Davis (NC)
NC • D
Sponsored 1/31/2025
Rep. Dexter, Maxine [D-OR-3]
OR • D
Sponsored 1/31/2025
Rep. McGarvey, Morgan [D-KY-3]
KY • D
Sponsored 2/5/2025
Rep. Tlaib, Rashida [D-MI-12]
MI • D
Sponsored 2/5/2025
Rep. Ramirez, Delia C. [D-IL-3]
IL • D
Sponsored 2/5/2025
Mannion
NY • D
Sponsored 2/5/2025
Rep. García, Jesús G. "Chuy" [D-IL-4]
IL • D
Sponsored 2/13/2025
Rep. Lee, Summer L. [D-PA-12]
PA • D
Sponsored 4/10/2025
Rep. Horsford, Steven [D-NV-4]
NV • D
Sponsored 4/10/2025
Rep. Ansari, Yassamin [D-AZ-3]
AZ • D
Sponsored 4/10/2025
Rep. Olszewski, Johnny [D-MD-2]
MD • D
Sponsored 4/17/2025
Rep. Sánchez, Linda T. [D-CA-38]
CA • D
Sponsored 4/17/2025
Rep. Pou, Nellie [D-NJ-9]
NJ • D
Sponsored 4/24/2025
Rep. Courtney, Joe [D-CT-2]
CT • D
Sponsored 4/29/2025
Rep. Hurd, Jeff [R-CO-3]
CO • R
Sponsored 5/7/2025
Rep. Moskowitz, Jared [D-FL-23]
FL • D
Sponsored 5/7/2025
Rep. Sykes, Emilia Strong [D-OH-13]
OH • D
Sponsored 5/7/2025
Khanna
CA • D
Sponsored 5/7/2025
Norcross
NJ • D
Sponsored 5/7/2025
Rep. Scanlon, Mary Gay [D-PA-5]
PA • D
Sponsored 5/15/2025
Norman
SC • R
Sponsored 5/15/2025
Kean
NJ • R
Sponsored 6/5/2025
Rep. Whitesides, George [D-CA-27]
CA • D
Sponsored 6/5/2025
Pingree
ME • D
Sponsored 6/23/2025
Riley (NY)
NY • D
Sponsored 6/23/2025
Randall
WA • D
Sponsored 6/26/2025
Rep. Vindman, Eugene Simon [D-VA-7]
VA • D
Sponsored 6/26/2025
Rep. Raskin, Jamie [D-MD-8]
MD • D
Sponsored 8/1/2025
Rep. Latimer, George [D-NY-16]
NY • D
Sponsored 8/1/2025
Rep. Scholten, Hillary J. [D-MI-3]
MI • D
Sponsored 8/1/2025
Rep. McClain Delaney, April [D-MD-6]
MD • D
Sponsored 8/5/2025
Rep. Larson, John B. [D-CT-1]
CT • D
Sponsored 8/5/2025
Rep. Doggett, Lloyd [D-TX-37]
TX • D
Sponsored 8/5/2025
Thompson (CA)
CA • D
Sponsored 8/8/2025
Rep. Cammack, Kat [R-FL-3]
FL • R
Sponsored 8/15/2025
Mfume
MD • D
Sponsored 8/15/2025
Rep. Boebert, Lauren [R-CO-4]
CO • R
Sponsored 8/15/2025
Rep. Luna, Anna Paulina [R-FL-13]
FL • R
Sponsored 8/15/2025
Rep. Menendez, Robert [D-NJ-8]
NJ • D
Sponsored 8/26/2025
Bonamici
OR • D
Sponsored 8/26/2025
Rep. Self, Keith [R-TX-3]
TX • R
Sponsored 9/2/2025
Rep. Omar, Ilhan [D-MN-5]
MN • D
Sponsored 9/2/2025
Auchincloss
MA • D
Sponsored 9/2/2025
Rep. Amo, Gabe [D-RI-1]
RI • D
Sponsored 9/2/2025
Rep. Bera, Ami [D-CA-6]
CA • D
Sponsored 9/3/2025
Escobar
TX • D
Sponsored 9/30/2025
Rep. Thanedar, Shri [D-MI-13]
MI • D
Sponsored 10/8/2025
Rep. Harder, Josh [D-CA-9]
CA • D
Sponsored 11/4/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov