119th Congress
H.R. 253
Bipartisan Restoring Faith in Government Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Brian K. Fitzpatrick(R-PA)
- Introduced
- Jan 9, 2025
- Policy area
- Congress
- Committees
- House Committee on House Administration; House Committee on Ways and Means
- Official text
- Introduced in House · Congress.gov page
Cosponsors (14)
Original cosponsors (3)
- Alexandria Ocasio-Cortez (D-NY)
- Cory Mills (R-FL)
- Raja Krishnamoorthi (D-IL)
Added later (11)
- Michael Lawler (R-NY) · Jan 13, 2025
- Ro Khanna (D-CA) · Jan 13, 2025
- Christopher R. Deluzio (D-PA) · Jan 15, 2025
- Morgan McGarvey (D-KY) · Mar 31, 2025
- Mike Levin (D-CA) · Apr 17, 2025
- Thomas R. Suozzi (D-NY) · May 5, 2025
- Melanie A. Stansbury (D-NM) · May 13, 2025
- Jamie Raskin (D-MD) · Jul 14, 2025
- Summer L. Lee (D-PA) · Oct 31, 2025
- Jefferson Van Drew (R-NJ) · Dec 3, 2025
- Greg Landsman (D-OH) · Dec 16, 2025
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
Bipartisan Restoring Faith in Government Act
This bill prohibits Members of Congress (and their spouses and dependents) from purchasing or selling certain investments, such as individual stocks and related financial instruments that are not diversified investment funds, U.S. Treasury securities, or other specified holdings.
Members must divest prohibited investments within 90 days by selling them or placing them in a qualified blind trust. The bill also restricts communications between trustees and beneficiaries related to investments held in qualified blind trusts.
Members must certify their compliance with the supervising ethics office, which must make the certificates publicly available online.
Violations are subject to specified civil penalties. Additionally, losses stemming from a transaction involving a prohibited investment that violates the provisions of the bill may not be deducted from income taxes.
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 9, 2025 · House
Referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. - Jan 9, 2025
Introduced in House