Restore Trust in Congress Act prohibits Members of Congress and their spouses and dependents from owning or trading stocks.
The Restore Trust in Congress Act amends chapter 131 of title 5 to prohibit Members of Congress and their spouses and dependents from owning or trading stocks. Covered individuals must divest of any covered investment by the effective date at fair market value. Covered investments include stocks, commodities, futures, securities, and other economic interests. Exemptions apply for investments held in qualified blind trusts and family trusts under specific conditions. The Act also mandates penalties for violations, including fees and disgorgement of profits.
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