Sponsors (94)
Official title: To amend chapter 131 of title 5 to require certain restrictions on stocks for Members of Congress and their spouses and dependents, and for other purposes.
Introduced January 12, 2026 by Bryan Steil · Last progress January 12, 2026
The bill trades stronger transparency and public trust by restricting certain federal employee investments against reduced personal investment flexibility for those employees and added administrative burdens for agencies.
Federal employees will be subject to a clear statutory framework restricting certain investments, increasing transparency and reducing potential conflicts of interest.
Taxpayers and the public may experience strengthened trust in the federal workforce because investment restrictions reduce perceived financial conflicts among federal workers.
Federal employees subject to the new restrictions may face reduced personal investment options and greater difficulty planning their finances, potentially lowering investment returns.
Federal agencies (and potentially state-level compliance partners) will incur administrative costs to implement and enforce the new rules and must establish compliance systems within 180 days, straining resources.
Based on analysis of 2 sections of legislative text.
Adds a new chapter to Title 5 establishing restrictions on covered investments by persons defined under the chapter, effective 180 days after enactment.
Creates a new set of federal restrictions on certain investments by covered persons in the executive branch by adding a new chapter to title 5 of the U.S. Code called "Restrictions on covered investments." The bill sets an effective date 180 days after enactment but does not include the operative statutory text in the provided summary, so precise scope and definitions (who is "covered," which investments are restricted, penalties, or enforcement mechanisms) are not specified here. Implementation will require agency ethics offices to interpret and enforce the new chapter, and affected individuals — most directly federal employees and possibly contractors or others defined as "covered" — will need to change investment holdings or obtain approvals to comply. Because the substantive rules are not shown, the administrative impact, compliance costs, and enforcement approach are uncertain until the full statutory text is available.