H.R. 253 (119th)Bill Overview

Bipartisan Restoring Faith in Government Act

Congress|CongressFamily relationships
Cosponsors
Support
Republican
Introduced
Jan 9, 2025
Discussions
Bill Text
Current stageCommittee

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…

Introduced
Committee
Floor
President
Law
Congressional Activities
01 · The brief
Plain-English summaryWhat this bill actually does

The Bipartisan Restoring Faith in Government Act bars Members of Congress, their spouses, and dependents from owning or trading most securities, futures, commodities, or economically equivalent synthetic interests. Exceptions include widely held registered management funds, U.S. Treasury securities, state and local bonds, and Thrift Savings Plan investments.

Why people may split

Strength of enforcement and adequacy of $50,000 maximum penalty

Watch point

Relative to its intended legislative type, this bill is a substantive statutory change with well-defined core prohibitions, definitions, integration with existing law, and basic enforcement architecture.

The Bipartisan Restoring Faith in Government Act bars Members of Congress, their spouses, and dependents from owning or trading most securities, futures, commodities, or economically equivalent synthetic interests.

Exceptions include widely held registered management funds, U.S. Treasury securities, state and local bonds, and Thrift Savings Plan investments.

Covered individuals must divest within 90 days or place assets in a qualifying blind trust (subject to supervising ethics office approval); trustees must divest those assets within six months.

Passage40/100

Content is ethically focused and contains compromises, improving chances in the House; Senate procedural hurdles and member resistance lower ultimate likelihood.

CredibilityPartially aligned

Relative to its intended legislative type, this bill is a substantive statutory change with well-defined core prohibitions, definitions, integration with existing law, and basic enforcement architecture. It specifies exceptions, divestiture timelines, blind trust standards, certification and public disclosure, and civil enforcement options.

Contention75/100

Strength of enforcement and adequacy of $50,000 maximum penalty

02 · What it does

Who stands to gain, and who may push back.

Likely benefits vs burdens50% / 50%
Likely helpedLikely burdened

These are examples from the analysis, not a ranked list of the most-affected groups.

Likely helped
  • Potential benefitReduces perceived conflicts of interest by preventing members from directly holding implicated securities.
  • Potential benefitIncreases transparency by requiring compliance certificates and public posting on an accessible website.
  • Potential benefitLimits insider trading opportunities by banning ownership or trading of specified instruments.
Likely burdened
  • Potential burdenForced divestitures within short timeframes can cause realized losses and adverse tax consequences.
  • Potential burdenImposes administrative and compliance burdens on Members, spouses, dependents, and the supervising ethics office.
  • Potential burdenRestricts spouses' and dependents' investment autonomy and may affect private compensation arrangements.
03 · Why people split

Why the argument around this bill splits.

Strength of enforcement and adequacy of $50,000 maximum penalty
Progressive90%

Overall supportive: sees the bill as a substantive step to reduce conflicts of interest and insider trading risks among lawmakers.

Will welcome public certification and blind trust provisions but note loopholes and enforcement may need strengthening to be effective.

Leans supportive
Centrist70%

Generally favorable but pragmatic: appreciates clearer rules reducing conflicts while noting operational and legal questions.

Views the legislation as reasonable if implementation details, timelines, and enforcement mechanisms are clarified.

Leans supportive
Conservative20%

Skeptical to opposed: views the bill as an overbroad restriction on private property and investment choices for lawmakers and their families.

Concerns include federal overreach, deterrence of public service, and intrusive enforcement.

Likely resistant
04 · Can it pass?

The path through Congress.

Introduced

Reached or meaningfully advanced

Committee

Reached or meaningfully advanced

Floor

Still ahead

President

Still ahead

Law

Still ahead

Passage likelihood40/100

Content is ethically focused and contains compromises, improving chances in the House; Senate procedural hurdles and member resistance lower ultimate likelihood.

Scope and complexity
86%
Scopesweeping
52%
Complexitymedium
Why this could stall
  • Potential constitutional or statutory legal challenges to the broad ban
  • Administrative capacity and standards of the supervising ethics office
05 · Recent votes

Recent votes on the bill.

No vote history yet

The bill has not accumulated any surfaced votes yet.

06 · Go deeper

Go deeper than the headline read.

Included on this page

Strength of enforcement and adequacy of $50,000 maximum penalty

Content is ethically focused and contains compromises, improving chances in the House; Senate procedural hurdles and member resistance lowe…

Unlocked analysis

Relative to its intended legislative type, this bill is a substantive statutory change with well-defined core prohibitions, definitions, integration with existing law, and basic enforcement architecture. It specifies ex…

Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.

Perspective breakdownsPassage barriersLegislative design reviewStakeholder impact map
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