The bill prohibits Members of Congress and their spouses and dependent children from owning or trading certain investments.
The Restore Trust in Congress Act prohibits Members of Congress and their spouses and dependent children from owning or trading covered investments, which include securities, commodities, futures, and other economic interests. Covered individuals must divest their covered investments within 180 days of the act's enactment or 90 days if they acquire a covered investment after the act's enactment. Exemptions apply for certain trusts and occupations. Penalties include a 10% fee and disgorgement of profits for violations.
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