Restore Trust in Congress Act
Sponsored By: Representative Roy, Chip [R-TX-21]
Introduced
Summary
A ban on Members of Congress and their spouses and dependent children owning or trading certain investments during federal service. It sets clear definitions for covered investments, deadlines for divestiture, narrow exemptions, and penalties to curb conflicts of interest and increase transparency.
Show full summary
- Members of Congress and families: Prohibits direct or indirect ownership or trading of defined “covered investments” while serving. People covered on enactment must divest within 180 days and those who become covered afterward have 90 days to divest.
- Ethics offices and enforcement: The supervising ethics office issues guidance, can grant extensions for liquidity or vesting, and manages Certificates of Divestiture tied to tax rules. Violations carry a 10 percent fee of the investment value, disgorgement of profits, and public posting of assessed fines, with payments to the Treasury.
- Trusts and narrow exceptions: Qualified Blind Trusts must be divested while Family Trust exemptions are allowed only if covered individuals did not contribute, act as grantor, or control the trust. An Occupational Exception lets a spouse or dependent trade when it matches their primary job.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Congress and family must sell investments
The bill would bar Members of Congress, their spouses, and dependent children from owning, buying, or trading covered investments. Those covered on enactment would have 180 days to sell at fair market value; those who become covered later would have 90 days, and assets gained by marriage, inheritance, or divorce after enactment would need sale within 90 days. Ethics offices could extend deadlines for low liquidity, vesting, or contracts. A spouse or child could trade only if they own the asset and trading is their main job; blind trust assets would also be sold, while a family trust could be exempt only with a written certification and strict limits. The bill would define what counts as a covered investment and exclude diversified funds, U.S. Treasuries, and state or local bonds.
Heavy fines for breaking trading ban
If you break the investment rules, the ethics office could charge a fee equal to 10% of the investment’s value and make you give up any profits. Disgorged profits would go to the U.S. Treasury. The ethics office would publish each fine and the reason. House Members could not use office funds, campaign money, or other donations to pay these penalties.
Tax relief for required sales by Congress
If you sell investments to follow these rules, the ethics office would issue a certificate of divestiture after you show proof. That certificate would let you use tax procedures under Internal Revenue Code section 1043 to defer or reduce taxes from the sale. Each certificate would list the specific properties covered and may follow any granted extensions.
Sponsors & CoSponsors
Sponsor
Roy, Chip [R-TX-21]
TX • R
Cosponsors
Rep. Torres, Ritchie [D-NY-15]
NY • D
Sponsored 9/4/2025
McGovern
MA • D
Sponsored 9/4/2025
Rep. Ogles, Andrew [R-TN-5]
TN • R
Sponsored 9/8/2025
Rep. Schweikert, David [R-AZ-1]
AZ • R
Sponsored 9/8/2025
Johnson (SD)
SD • R
Sponsored 9/8/2025
Rep. Magaziner, Seth [D-RI-2]
RI • D
Sponsored 9/3/2025
Rep. Burchett, Tim [R-TN-2]
TN • R
Sponsored 9/3/2025
Rep. Jayapal, Pramila [D-WA-7]
WA • D
Sponsored 9/3/2025
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 9/3/2025
Ocasio-Cortez
NY • D
Sponsored 9/3/2025
Rep. Luna, Anna Paulina [R-FL-13]
FL • R
Sponsored 9/3/2025
Rep. Krishnamoorthi, Raja [D-IL-8]
IL • D
Sponsored 9/3/2025
Rep. Perry, Scott [R-PA-10]
PA • R
Sponsored 9/3/2025
Rep. Min, Dave [D-CA-47]
CA • D
Sponsored 9/3/2025
Rep. Nunn, Zachary [R-IA-3]
IA • R
Sponsored 9/3/2025
Rep. Neguse, Joe [D-CO-2]
CO • D
Sponsored 9/3/2025
Rep. Cloud, Michael [R-TX-27]
TX • R
Sponsored 9/3/2025
Levin
CA • D
Sponsored 9/3/2025
Norman
SC • R
Sponsored 9/3/2025
Riley (NY)
NY • D
Sponsored 9/3/2025
Rep. Cammack, Kat [R-FL-3]
FL • R
Sponsored 9/3/2025
Bresnahan
PA • R
Sponsored 9/4/2025
Rep. Bera, Ami [D-CA-6]
CA • D
Sponsored 9/4/2025
Rep. Amo, Gabe [D-RI-1]
RI • D
Sponsored 9/4/2025
Soto
FL • D
Sponsored 9/4/2025
Craig
MN • D
Sponsored 9/4/2025
Rep. Whitesides, George [D-CA-27]
CA • D
Sponsored 9/4/2025
Rep. Omar, Ilhan [D-MN-5]
MN • D
Sponsored 9/4/2025
Rep. Sherman, Brad [D-CA-32]
CA • D
Sponsored 9/4/2025
Kiley (CA)
CA • I
Sponsored 9/4/2025
Rep. Bell, Wesley [D-MO-1]
MO • D
Sponsored 9/4/2025
Rep. Mace, Nancy [R-SC-1]
SC • R
Sponsored 9/8/2025
Rep. Scanlon, Mary Gay [D-PA-5]
PA • D
Sponsored 9/9/2025
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 9/9/2025
Rep. Larson, John B. [D-CT-1]
CT • D
Sponsored 9/9/2025
Rep. Landsman, Greg [D-OH-1]
OH • D
Sponsored 9/9/2025
Rep. Thanedar, Shri [D-MI-13]
MI • D
Sponsored 9/9/2025
Elfreth
MD • D
Sponsored 9/9/2025
Crow
CO • D
Sponsored 9/9/2025
Rep. Boebert, Lauren [R-CO-4]
CO • R
Sponsored 9/9/2025
Khanna
CA • D
Sponsored 9/10/2025
Crane
AZ • R
Sponsored 9/10/2025
Rep. Nadler, Jerrold [D-NY-12]
NY • D
Sponsored 9/10/2025
Mfume
MD • D
Sponsored 9/10/2025
Rep. Deluzio, Christopher R. [D-PA-17]
PA • D
Sponsored 9/10/2025
Rep. Sorensen, Eric [D-IL-17]
IL • D
Sponsored 9/10/2025
Rep. Miller-Meeks, Mariannette [R-IA-1]
IA • R
Sponsored 9/11/2025
Rep. Ansari, Yassamin [D-AZ-3]
AZ • D
Sponsored 9/11/2025
Mannion
NY • D
Sponsored 9/11/2025
Rep. Stanton, Greg [D-AZ-4]
AZ • D
Sponsored 9/11/2025
Rep. Garamendi, John [D-CA-8]
CA • D
Sponsored 9/15/2025
Rep. Kelly, Robin L. [D-IL-2]
IL • D
Sponsored 9/15/2025
Rep. Pocan, Mark [D-WI-2]
WI • D
Sponsored 9/15/2025
DelBene
WA • D
Sponsored 9/15/2025
Budzinski
IL • D
Sponsored 9/15/2025
Mullin
CA • D
Sponsored 9/15/2025
Rep. Goodlander, Maggie [D-NH-2]
NH • D
Sponsored 9/15/2025
Rep. García, Jesús G. "Chuy" [D-IL-4]
IL • D
Sponsored 9/15/2025
Rep. Menendez, Robert [D-NJ-8]
NJ • D
Sponsored 9/15/2025
Rep. Ramirez, Delia C. [D-IL-3]
IL • D
Sponsored 9/15/2025
Rep. Vasquez, Gabe [D-NM-2]
NM • D
Sponsored 9/15/2025
Rep. Salinas, Andrea [D-OR-6]
OR • D
Sponsored 9/15/2025
Rep. Goldman, Daniel S. [D-NY-10]
NY • D
Sponsored 9/15/2025
Rep. McGarvey, Morgan [D-KY-3]
KY • D
Sponsored 9/15/2025
Rep. Frost, Maxwell [D-FL-10]
FL • D
Sponsored 9/16/2025
Rep. Moskowitz, Jared [D-FL-23]
FL • D
Sponsored 9/16/2025
Rep. Courtney, Joe [D-CT-2]
CT • D
Sponsored 9/16/2025
Rep. Correa, J. Luis [D-CA-46]
CA • D
Sponsored 9/16/2025
Rep. Tokuda, Jill N. [D-HI-2]
HI • D
Sponsored 9/17/2025
Rep. Jacobs, Sara [D-CA-51]
CA • D
Sponsored 9/26/2025
Rep. Tlaib, Rashida [D-MI-12]
MI • D
Sponsored 9/26/2025
Rep. Quigley, Mike [D-IL-5]
IL • D
Sponsored 9/30/2025
Rep. Cleaver, Emanuel [D-MO-5]
MO • D
Sponsored 9/30/2025
Rep. Tonko, Paul [D-NY-20]
NY • D
Sponsored 9/30/2025
Rep. Pettersen, Brittany [D-CO-7]
CO • D
Sponsored 10/3/2025
Rep. Perez, Marie Gluesenkamp [D-WA-3]
WA • D
Sponsored 10/8/2025
Bonamici
OR • D
Sponsored 10/8/2025
Rep. Baumgartner, Michael [R-WA-5]
WA • R
Sponsored 10/8/2025
Rep. Horsford, Steven [D-NV-4]
NV • D
Sponsored 10/10/2025
Rep. Latimer, George [D-NY-16]
NY • D
Sponsored 10/17/2025
Rep. Gottheimer, Josh [D-NJ-5]
NJ • D
Sponsored 10/17/2025
Cherfilus-McCormick
FL • D
Sponsored 10/17/2025
Simon
CA • D
Sponsored 10/21/2025
Rep. Harrigan, Pat [R-NC-10]
NC • R
Sponsored 10/28/2025
Rep. Pappas, Chris [D-NH-1]
NH • D
Sponsored 10/28/2025
Rep. Lee, Summer L. [D-PA-12]
PA • D
Sponsored 11/4/2025
Rep. Dexter, Maxine [D-OR-3]
OR • D
Sponsored 11/7/2025
Rep. Collins, Mike [R-GA-10]
GA • R
Sponsored 11/12/2025
Rep. Kim, Young [R-CA-40]
CA • R
Sponsored 11/13/2025
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 11/17/2025
Rep. Johnson, Julie [D-TX-32]
TX • D
Sponsored 11/17/2025
Rep. Olszewski, Johnny [D-MD-2]
MD • D
Sponsored 11/17/2025
Rep. Torres, Norma J. [D-CA-35]
CA • D
Sponsored 11/17/2025
Auchincloss
MA • D
Sponsored 11/17/2025
Rep. Titus, Dina [D-NV-1]
NV • D
Sponsored 11/18/2025
Rep. Raskin, Jamie [D-MD-8]
MD • D
Sponsored 11/19/2025
Rep. Huffman, Jared [D-CA-2]
CA • D
Sponsored 11/20/2025
Rep. Garcia, Robert [D-CA-42]
CA • D
Sponsored 11/20/2025
Rep. Foster, Bill [D-IL-11]
IL • D
Sponsored 11/20/2025
Randall
WA • D
Sponsored 11/21/2025
Thompson (CA)
CA • D
Sponsored 11/21/2025
Rep. Self, Keith [R-TX-3]
TX • R
Sponsored 12/1/2025
Norcross
NJ • D
Sponsored 12/3/2025
Rep. Balint, Becca [D-VT-At Large]
VT • D
Sponsored 12/3/2025
Rep. Casar, Greg [D-TX-35]
TX • D
Sponsored 12/4/2025
Rep. McIver, LaMonica [D-NJ-10]
NJ • D
Sponsored 12/5/2025
McBride
DE • D
Sponsored 12/5/2025
McCollum
MN • D
Sponsored 12/9/2025
Rep. DeGette, Diana [D-CO-1]
CO • D
Sponsored 12/10/2025
Rep. Matsui, Doris O. [D-CA-7]
CA • D
Sponsored 12/10/2025
Trahan
MA • D
Sponsored 12/11/2025
Barragan
CA • D
Sponsored 12/11/2025
Rep. McDonald Rivet, Kristen [D-MI-8]
MI • D
Sponsored 12/11/2025
Rep. Cline, Ben [R-VA-6]
VA • R
Sponsored 12/12/2025
Escobar
TX • D
Sponsored 12/15/2025
Langworthy
NY • R
Sponsored 12/16/2025
Rep. Meng, Grace [D-NY-6]
NY • D
Sponsored 12/17/2025
Messmer
IN • R
Sponsored 12/18/2025
Rep. Foushee, Valerie P. [D-NC-4]
NC • D
Sponsored 12/18/2025
Rep. Van Orden, Derrick [R-WI-3]
WI • R
Sponsored 1/6/2026
Rep. Hoyle, Val T. [D-OR-4]
OR • D
Sponsored 1/6/2026
Crenshaw
TX • R
Sponsored 1/6/2026
Rep. Subramanyam, Suhas [D-VA-10]
VA • D
Sponsored 1/7/2026
Rep. Strickland, Marilyn [D-WA-10]
WA • D
Sponsored 1/13/2026
Rep. McClain Delaney, April [D-MD-6]
MD • D
Sponsored 1/14/2026
Van Drew
NJ • R
Sponsored 1/15/2026
Rep. Mackenzie, Ryan [R-PA-7]
PA • R
Sponsored 1/30/2026
Hunt
TX • R
Sponsored 2/5/2026
Hern (OK)
OK • R
Sponsored 3/9/2026
Rep. Menefee, Christian D. [D-TX-18]
TX • D
Sponsored 3/9/2026
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 3/24/2026
Rep. Ruiz, Raul [D-CA-25]
CA • D
Sponsored 4/15/2026
Rep. Moulton, Seth [D-MA-6]
MA • D
Sponsored 4/22/2026
Liccardo
CA • D
Sponsored 4/23/2026
Pingree
ME • D
Sponsored 5/11/2026
Roll Call Votes
No roll call votes available for this bill.
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