Bills/H.R. 396

TRUST in Congress Act

TRUST in Congress Act

In CommitteeOtherHouseHouse Bill · 119th Congress
Bill Progress · House
Introduced
Committee
Passed House
Passed Senate
Passed Both
Signed

Plain Language Summary

# TRUST in Congress Act Summary **What the Bill Would Do** The TRUST in Congress Act would require members of Congress, along with their spouses and dependent children, to place their investments into "blind trusts" while serving in office. A blind trust is a financial arrangement where an independent trustee manages investments on someone's behalf without revealing what those investments are—the idea being that politicians won't know what they own, so they can't make decisions to benefit their personal finances. These restrictions would continue for 180 days after a member leaves Congress. **Who It Affects and Why** This bill targets federal legislators and their immediate families.

The goal is to prevent conflicts of interest—situations where members of Congress might pass laws or make votes that benefit their personal investments rather than serving the public interest. Currently, members must disclose their financial holdings but can still actively manage them while in office. **Current Status** The bill was introduced in the 119th Congress by Representative Seth Magaziner (D-RI) and is currently in committee, meaning it has not yet been debated or voted on by the full House. It remains in the early stages of the legislative process.

CRS Official 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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Latest Action

January 14, 2025

Referred to the House Committee on House Administration.

Subjects

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

Sponsor

101 cosponsors

Key Dates

Introduced
January 14, 2025
Last Updated
January 14, 2025
Read Full Text on Congress.gov →
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