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Congress Members Must Use Blind Trusts
Recent Bills/Congress Members Must Use Blind Trusts

Congress Members Must Use Blind Trusts

IntroducedJanuary 14, 2025
Introduced1 year ago
Intro
House
Senate
Pres
Referred to the House Committee on House Administration.
CongressCommodities marketsFamily relationshipsFinancial services and investmentsGovernment ethics and transparency, public corruptionGovernment information and archivesMembers of CongressSecurities
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Why This Matters

This bill requires Members of Congress and their families to put specific investments into blind trusts, keeping them from directly managing these assets.

If you are a Member of Congress, you must place your investments into blind trusts within 180 days of this bill becoming law.
Who this affects
Members of Congress · Spouses · Dependent children
What changes is this bill making?
  1. 1Members of Congress and their families must place certain investments into blind trusts within specified timeframes.
  2. 2Current members have 180 days to comply, while new members have 90 days after taking office.
  3. 3This law aims to prevent conflicts of interest by keeping investments hidden from members' direct control.
  4. 4Members must certify the establishment of these trusts to their respective chambers of Congress.
  5. 5Certain investments are exempt if a family member earns income from them through their main job.
Read the detailed summary

Transparent Representation Upholding Service and Trust in Congress Act or the TRUST in Congress Act This bill requires a Member of Congress, as well as any spouse or dependent child of a Member, to place specified investments into a qualified blind trust (i. e., an arrangement in which certain financial holdings are placed in someone else's control to avoid a possible conflict of interest) until 180 days after the end of their tenure as a Member of Congress.

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Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedCurrentJan 14, 2025

Referred to the House Committee on House Administration.

Sponsors
See all 101 sponsors
House
Senate
President

The President

Joe Biden
46th President
Awaiting Vote
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