Restore Trust in Government Act

Sponsor: Seth Magaziner (Democratic-RI)December 16, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and 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.

Lawmakers and top officials would be banned from owning or trading individual stocks.

This bill would stop Members of Congress, the President, Vice President, and their immediate families from buying or selling individual stocks and other specific investments. They would have to sell any such investments they currently own. The goal is to prevent conflicts of interest and build public trust.

What Would Change

Currently, federal officials, their spouses, and dependents can generally own and trade stocks and other investments, as long as they disclose these holdings and follow conflict of interest laws. This bill would change that by putting a direct ban on owning or trading most stocks, commodities, futures, and derivatives for these individuals. It would require them to sell existing holdings within 90 or 180 days and would create financial penalties for anyone who breaks these new rules.

Key Provisions

Would prohibit Members of Congress, the President, Vice President, and their spouses and dependent children from directly or indirectly owning or trading specific investments like stocks, commodities, futures, and derivatives.
Would require covered individuals to sell any existing prohibited investments within 180 days if they are in office when the bill becomes law, or within 90 days if they become a covered official later.
Would exclude certain investments from the ban, such as widely held and diversified investment funds, U.S. Treasury bills/notes/bonds, state or municipal government bonds, interests in small businesses, and limited liability companies (LLCs) for personal residences.
Would establish a Certificate of Divestiture program, allowing government ethics offices to issue certificates that can help individuals get tax benefits when selling required assets.
Would impose penalties for violations, including a fee equal to ten percent of the investment's value and requiring individuals to give up any profits made from illegal trades.

View on Congress.gov

HR 6731 · 119th Congress · December 16, 2025 · AI Summary by gemini-2.5-flash · 6/10

Restore Trust in Government Act

What Would Change

Key Provisions

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