TRUST in Congress Act

Hozzl · 2025-02-11T13:12:26Z

Explore the details of House Bill 396 TRUST in Congress Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Congress. Stay informed on legislative developments.

2/11/2025, 1:12 PM

Summary of Bill HR 396

Bill 119 HR 396, also known as the Blind Trust Act, aims to require Members of Congress, as well as their spouses and dependent children, to place certain assets into blind trusts. A blind trust is a financial arrangement in which a trustee manages the assets of a beneficiary without the beneficiary knowing the specific investments being made. This is done to prevent conflicts of interest and ensure that decisions made by the beneficiary, in this case, Members of Congress, are not influenced by their personal financial interests.

The purpose of this bill is to increase transparency and accountability among Members of Congress by preventing them from using their positions for personal financial gain. By placing their assets into blind trusts, Members of Congress would be unable to make decisions that could directly benefit themselves or their families financially.

The bill does not specify which assets would need to be placed into blind trusts or how the trusts would be managed. It also does not outline any penalties for non-compliance. However, it does state that the Office of Government Ethics would be responsible for overseeing the implementation of the blind trusts. Overall, the Blind Trust Act seeks to promote ethical behavior and integrity among Members of Congress by ensuring that their financial interests do not interfere with their duties as elected officials.

Congressional Summary of HR 396

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 396

Bill HR 396 is currently in the status of Bill Introduced since January 14, 2025. Bill HR 396 was introduced during Congress 119 and was introduced to the House on January 14, 2025. Bill HR 396's most recent activity was Referred to the House Committee on House Administration. as of January 14, 2025

Bipartisan Support of Bill HR 396

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

260

Democrat Cosponsors

207

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 396

Primary Policy Focus

Congress

Alternate Title(s) of Bill HR 396

To require Members of Congress and their spouses and dependent children to place certain assets into blind trusts, and for other purposes.To require Members of Congress and their spouses and dependent children to place certain assets into blind trusts, and for other purposes.

Start holding our government accountable!