Bipartisan Restoring Faith in Government Act

Hozzl · 2025-02-05T01:08:18Z

Explore the details of House Bill 253 Bipartisan Restoring Faith in Government Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/5/2025, 1:08 AM

Summary of Bill HR 253

Bill 119 HR 253 aims to make changes to title 5 of the United States Code in order to limit the ability of Members of Congress and their spouses and dependents to trade and own certain financial instruments. The bill seeks to prevent conflicts of interest and insider trading by imposing restrictions on the trading activities of these individuals.

Specifically, the bill would prohibit Members of Congress and their immediate family members from owning or trading certain financial instruments, such as stocks, bonds, and other securities, based on nonpublic information obtained through their official duties. This is intended to ensure that lawmakers do not use their positions for personal financial gain at the expense of the public.

In addition to these restrictions, the bill also includes provisions for increased transparency and reporting requirements for Members of Congress and their families regarding their financial transactions. This is meant to provide greater accountability and oversight of their financial activities. Overall, Bill 119 HR 253 seeks to promote ethical behavior and integrity among Members of Congress by limiting their ability to engage in potentially unethical or illegal trading practices. By imposing these restrictions and increasing transparency, the bill aims to uphold the public trust and confidence in the legislative branch of government.

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Current Status of Bill HR 253

Bill HR 253 is currently in the status of Bill Introduced since January 9, 2025. Bill HR 253 was introduced during Congress 119 and was introduced to the House on January 9, 2025. Bill HR 253's most recent activity was 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. as of January 9, 2025

Bipartisan Support of Bill HR 253

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Policy Area and Potential Impact of Bill HR 253

Primary Policy Focus

Alternate Title(s) of Bill HR 253

To amend title 5, United States Code, to restrict trading and ownership of certain financial instruments by Members of Congress and their spouses and dependents, and for other purposes.To amend title 5, United States Code, to restrict trading and ownership of certain financial instruments by Members of Congress and their spouses and dependents, and for other purposes.

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