TRUST in Congress Act
Sponsored By: Representative Magaziner
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.
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
RI • D
Cosponsors
Roy
TX • R
Sponsored 1/14/2025
Adams
NC • D
Sponsored 1/14/2025
Beyer
VA • D
Sponsored 1/14/2025
Casar
TX • D
Sponsored 1/14/2025
Ciscomani
AZ • R
Sponsored 1/14/2025
Cleaver
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
Davids (KS)
KS • D
Sponsored 1/14/2025
DelBene
WA • D
Sponsored 1/14/2025
Deluzio
PA • D
Sponsored 1/14/2025
Garcia (CA)
CA • D
Sponsored 1/14/2025
Golden (ME)
ME • D
Sponsored 1/14/2025
Gottheimer
NJ • D
Sponsored 1/14/2025
Houlahan
PA • D
Sponsored 1/14/2025
Huffman
CA • D
Sponsored 1/14/2025
Johnson (SD)
SD • R
Sponsored 1/14/2025
Keating
MA • D
Sponsored 1/14/2025
Kim
CA • R
Sponsored 1/14/2025
Landsman
OH • D
Sponsored 1/14/2025
Lawler
NY • R
Sponsored 1/14/2025
Leger Fernandez
NM • D
Sponsored 1/14/2025
Levin
CA • D
Sponsored 1/14/2025
Mace
SC • R
Sponsored 1/14/2025
McCollum
MN • D
Sponsored 1/14/2025
Mrvan
IN • D
Sponsored 1/14/2025
Murphy
NC • R
Sponsored 1/14/2025
Nadler
NY • D
Sponsored 1/14/2025
Neguse
CO • D
Sponsored 1/14/2025
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 1/14/2025
Perez
WA • D
Sponsored 1/14/2025
Perry
PA • R
Sponsored 1/14/2025
Pettersen
CO • D
Sponsored 1/14/2025
Pocan
WI • D
Sponsored 1/14/2025
Salinas
OR • D
Sponsored 1/14/2025
Sherrill
NJ • D
Sponsored 1/14/2025
Sorensen
IL • D
Sponsored 1/14/2025
Stanton
AZ • D
Sponsored 1/14/2025
Stevens
MI • D
Sponsored 1/14/2025
Titus
NV • D
Sponsored 1/14/2025
Tonko
NY • D
Sponsored 1/14/2025
Vasquez
NM • D
Sponsored 1/14/2025
Williams (GA)
GA • D
Sponsored 1/14/2025
Mackenzie
PA • R
Sponsored 1/14/2025
Pappas
NH • D
Sponsored 1/14/2025
Hoyle (OR)
OR • D
Sponsored 1/15/2025
Friedman
CA • D
Sponsored 1/15/2025
Dean (PA)
PA • D
Sponsored 1/22/2025
Nunn (IA)
IA • R
Sponsored 1/22/2025
Kaptur
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
Dexter
OR • D
Sponsored 1/31/2025
McGarvey
KY • D
Sponsored 2/5/2025
Tlaib
MI • D
Sponsored 2/5/2025
Ramirez
IL • D
Sponsored 2/5/2025
Mannion
NY • D
Sponsored 2/5/2025
Garcia (IL)
IL • D
Sponsored 2/13/2025
Lee (PA)
PA • D
Sponsored 4/10/2025
Horsford
NV • D
Sponsored 4/10/2025
Ansari
AZ • D
Sponsored 4/10/2025
Olszewski
MD • D
Sponsored 4/17/2025
Sanchez
CA • D
Sponsored 4/17/2025
Pou
NJ • D
Sponsored 4/24/2025
Courtney
CT • D
Sponsored 4/29/2025
Hurd (CO)
CO • R
Sponsored 5/7/2025
Moskowitz
FL • D
Sponsored 5/7/2025
Sykes
OH • D
Sponsored 5/7/2025
Khanna
CA • D
Sponsored 5/7/2025
Norcross
NJ • D
Sponsored 5/7/2025
Scanlon
PA • D
Sponsored 5/15/2025
Norman
SC • R
Sponsored 5/15/2025
Kean
NJ • R
Sponsored 6/5/2025
Whitesides
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
Vindman
VA • D
Sponsored 6/26/2025
Raskin
MD • D
Sponsored 8/1/2025
Latimer
NY • D
Sponsored 8/1/2025
Scholten
MI • D
Sponsored 8/1/2025
McClain Delaney
MD • D
Sponsored 8/5/2025
Larson (CT)
CT • D
Sponsored 8/5/2025
Doggett
TX • D
Sponsored 8/5/2025
Thompson (CA)
CA • D
Sponsored 8/8/2025
Cammack
FL • R
Sponsored 8/15/2025
Mfume
MD • D
Sponsored 8/15/2025
Boebert
CO • R
Sponsored 8/15/2025
Luna
FL • R
Sponsored 8/15/2025
Menendez
NJ • D
Sponsored 8/26/2025
Bonamici
OR • D
Sponsored 8/26/2025
Self
TX • R
Sponsored 9/2/2025
Omar
MN • D
Sponsored 9/2/2025
Auchincloss
MA • D
Sponsored 9/2/2025
Amo
RI • D
Sponsored 9/2/2025
Bera
CA • D
Sponsored 9/3/2025
Escobar
TX • D
Sponsored 9/30/2025
Thanedar
MI • D
Sponsored 10/8/2025
Harder (CA)
CA • D
Sponsored 11/4/2025
Roll Call Votes
No roll call votes available for this bill.
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