houseStanding
Ways and Means Committee
- Referred To
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H.R. 253In committee
Bipartisan Restoring Faith in Government Act
Introduced: Jan 9, 2025
Latest action date: Jan 9, 2025
Latest development
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.
Your view
- Congress
- 119th Congress
- Introduced
- Jan 9, 2025
- Recorded roll calls
- 0
Status detail: The most advanced recorded stage is committee consideration.
Plain-language overview
What this bill does
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.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Congress
View 6 official legislative subjects
Family relationshipsFinancial services and investmentsGovernment ethics and transparency, public corruptionGovernment information and archivesMembers of CongressSecurities
Committee activity
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Official committee record ↗
houseStanding
Committee on House Administration
- Referred To
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Sep 13, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline3 actions
Introduced in House
IntroReferralLibrary of CongressReferred 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.
IntroReferralHouse floor actionsIntroduced in House
IntroReferralLibrary of Congress
Roll-call votes
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No connected roll-call votes are currently available for this bill.
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