TRUST in Congress Act

This legislation, known as the "TRUST in Congress Act," mandates that Members of Congress, along with their spouses and dependent children, place specific financial assets into qualified blind trusts. Current Members must comply within 180 days of enactment, while new Members have 90 days after assuming office. These trusts cannot be dissolved, nor can the investments be controlled, until 180 days after the Member leaves Congress, ensuring a sustained separation from financial decision-making. To ensure accountability, Members must certify to the Clerk of the House or Secretary of the Senate that a blind trust has been established for all covered investments , or that no such investments are owned. These certifications will be made publicly available on the respective websites. A "covered investment" includes securities, commodities, and futures, but notably excludes widely held investment funds and U.S. Treasury bills, notes, or bonds. An exception exists for spouses or dependent children who receive compensation from their primary occupation through a covered investment.