H.R. 253

119th Congress

In Committee

Bipartisan Restoring Faith in Government Act

Sponsored byRepublican:Rep. Fitzpatrick, Brian K. [R-PA-1]PA· Introduced 9 janvier 2025
Open on Congress.gov

14

Cosponsors

4

Actions

0

Amendments

2

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

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.

9 janvier 2025·1 year ago

Summary

Introduced in House · Updated 15 mai 2025

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.

Timeline

4 actions

  1. 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.

    9 janvier 2025 · IntroReferral

  2. 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.

    9 janvier 2025 · IntroReferral

  3. Introduced in House

    9 janvier 2025 · IntroReferral

  4. Introduced in House

    9 janvier 2025 · IntroReferral

Sponsorship

14 cosponsors

Sponsor

Republican:Rep. Fitzpatrick, Brian K. [R-PA-1]PA

Cosponsors

  • Democrat1179%
  • Republican321%

Classification

Policy area

Congress

Legislative subjects

Family relationshipsFinancial services and investmentsGovernment ethics and transparency, public corruptionGovernment information and archivesMembers of CongressSecurities

Committees

2

  • Committee on House Administration

    House · Standing

    • Referred To9 Jan 2025

  • Ways and Means Committee

    House · Standing

    • Referred To9 Jan 2025

Cosponsor momentum

Cumulative over time

Cosponsors grew from 3 on 9 janvier 2025 to 14 on 16 décembre 2025.

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