Us Congress 2023-2024 Regular Session

Us Congress House Bill HB345 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	118THCONGRESS
3	3	1
4	4	STSESSION H. R. 345
5	5	To require Members of Congress and their spouses and dependent children
6	6	to place certain assets into blind trusts, and for other purposes.
7	7	IN THE HOUSE OF REPRESENTATIVES
8	8	JANUARY12, 2023
9	9	Ms. S
10	10	PANBERGER(for herself, Mr. ROY, Mr. CLEAVER, Mr. CLOUD, Mr.
11	11	C
12	12	OURTNEY, Ms. CRAIG, Mr. CROW, Ms. DEANof Pennsylvania, Mr.
13	13	F
14	14	ITZPATRICK, Mr. GAETZ, Mr. GOLDENof Maine, Mr. GOTTHEIMER, Mr.
15	15	G
16	16	RIJALVA, Ms. HOULAHAN, Mr. JOHNSONof South Dakota, Mr. KIL-
17	17	DEE, Mr. KILMER, Mrs. KIMof California, Ms. LEGERFERNANDEZ, Ms.
18	18	M
19	19	CCOLLUM, Ms. MENG, Mr. NADLER, Mr. PAPPAS, Ms. PEREZ, Mr.
20	20	P
21	21	ERRY, Mr. PHILLIPS, Ms. PINGREE, Ms. PORTER, Ms. SCANLON, Mr.
22	22	S
23	23	CHIFF, Mr. SESSIONS, Ms. SLOTKIN, Ms. STEVENS, Ms. TITUS, Mr.
24	24	T
25	25	ONKO, Ms. WILD, Ms. WILLIAMSof Georgia, and Mr. MAGAZINER) in-
26	26	troduced the following bill; which was referred to the Committee on
27	27	House Administration A BILL
28	28	To require Members of Congress and their spouses and de-
29	29	pendent children to place certain assets into blind trusts,
30	30	and for other purposes.
31	31	Be it enacted by the Senate and House of Representa-1
32	32	tives of the United States of America in Congress assembled, 2
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35	35	•HR 345 IH
36	36	SECTION 1. SHORT TITLE. 1
37	37	This Act may be cited as the ‘‘Transparent Represen-2
38	38	tation Upholding Service and Trust in Congress Act’’ or 3
39	39	the ‘‘TRUST in Congress Act’’. 4
40	40	SEC. 2. PLACEMENT OF CERTAIN ASSETS OF MEMBERS OF 5
41	41	CONGRESS AND THEIR SPOUSES AND DE-6
42	42	PENDENT CHILDREN IN BLIND TRUST. 7
43	43	(a) I
44	44	NGENERAL.— 8
45	45	(1) M
46	46	EMBERS OCCUPYING OFFICE ON DATE OF 9
47	47	ENACTMENT.—Not later than 90 days after the date 10
48	48	of enactment of this Act, a Member of Congress and 11
49	49	any spouse or dependent child of such Member shall 12
50	50	place any covered investment owned by such Mem-13
51	51	ber, spouse, or dependent child into a qualified blind 14
52	52	trust. 15
53	53	(2) M
54	54	EMBERS ASSUMING OFFICE AFTER DATE 16
55	55	OF ENACTMENT.—Not later than 90 days after the 17
56	56	date an individual becomes a Member of Congress 18
57	57	after the date of enactment of this Act, such indi-19
58	58	vidual and any spouse or dependent child of such in-20
59	59	dividual shall place any covered investment owned by 21
60	60	such individual, spouse, or dependent child into a 22
61	61	qualified blind trust. 23
62	62	(3) M
63	63	INGLING OF ASSETS.—A spouse or de-24
64	64	pendent child of a Member of Congress may place 25
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67	67	•HR 345 IH
68	68	a covered investment in a qualified blind trust estab-1
69	69	lished by such Member under paragraph (1) or (2). 2
70	70	(4) A
71	71	SSETS UPON SEPARATION .—A Member of 3
72	72	Congress and any spouse or dependent child of such 4
73	73	Member may not dissolve any qualified blind trust in 5
74	74	which a covered investment has been placed pursu-6
75	75	ant to paragraph (1) or (2), or otherwise control 7
76	76	such an investment, until the date that is 180 days 8
77	77	after the date such Member ceases to be a Member 9
78	78	of Congress. 10
79	79	(b) A
80	80	CCOUNTABILITY.— 11
81	81	(1) M
82	82	EMBERS OF THE HOUSE .—A Member of 12
83	83	Congress who is a Member of the House of Rep-13
84	84	resentatives shall— 14
85	85	(A) not later than 15 days after the date 15
86	86	a qualified blind trust is established under sub-16
87	87	section (a), certify to the Clerk of the House of 17
88	88	Representatives that such trust has been estab-18
89	89	lished and that any covered investment owned 19
90	90	by such Member or a spouse or dependent child 20
91	91	of such Member has been placed in such trust; 21
92	92	or 22
93	93	(B) certify to the Clerk that such Member 23
94	94	or a spouse or dependent child of such Member 24
95	95	does not own any covered investment. 25
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98	98	•HR 345 IH
99	99	(2) MEMBERS OF THE SENATE .—A Member of 1
100	100	Congress who is a Senator shall— 2
101	101	(A) not later than 15 days after the date 3
102	102	a qualified blind trust is established under sub-4
103	103	section (a), certify to the Secretary of the Sen-5
104	104	ate that such trust has been established and 6
105	105	that any covered investment owned by such 7
106	106	Member or a spouse or dependent child of such 8
107	107	Member has been placed in such trust; or 9
108	108	(B) certify to the Secretary that such 10
109	109	Member or a spouse or dependent child of such 11
110	110	Member does not own any covered investment. 12
111	111	(3) R
112	112	EPORT.—The Clerk of the House of Rep-13
113	113	resentatives and the Secretary of the Senate shall 14
114	114	make available on the public website of the Clerk 15
115	115	and the Secretary, respectively, any certification 16
116	116	made under paragraph (1) or (2). 17
117	117	(c) E
118	118	XCEPTION.—A spouse or dependent child who 18
119	119	receives compensation from their primary occupation 19
120	120	through any covered investment shall not be required to 20
121	121	place such covered investment in a qualified blind trust 21
122	122	under this Act. 22
123	123	(d) D
124	124	EFINITIONS.—In this Act: 23
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127	127	•HR 345 IH
128	128	(1) COMMODITY.—The term ‘‘commodity’’ has 1
129	129	the meaning given the term in section 1a of the 2
130	130	Commodity Exchange Act (7 U.S.C. 1a). 3
131	131	(2) C
132	132	OVERED INVESTMENT .—The term ‘‘cov-4
133	133	ered investment’’— 5
134	134	(A) means investment in a security, a com-6
135	135	modity, or a future, or any comparable eco-7
136	136	nomic interest acquired through synthetic 8
137	137	means such as the use of a derivative; and 9
138	138	(B) does not include— 10
139	139	(i) a widely held investment fund de-11
140	140	scribed in section 13104(f)(8) of title 5, 12
141	141	United States Code; or 13
142	142	(ii) a United States Treasury bill, 14
143	143	note, or bond. 15
144	144	(3) D
145	145	EPENDENT CHILD.—The term ‘‘dependent 16
146	146	child’’ has the meaning given that term in section 17
147	147	13101 of title 5, United States Code. 18
148	148	(4) M
149	149	EMBER OF CONGRESS .—The term ‘‘Mem-19
150	150	ber of Congress’’ has the meaning given that term 20
151	151	in such section 13101. 21
152	152	(5) Q
153	153	UALIFIED BLIND TRUST .—The term 22
154	154	‘‘qualified blind trust’’ has the meaning given that 23
155	155	term in section 13104(f)(3) of such title. 24
156	156	Æ
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