Sponsors (15)
The bill trades clearer, orderly implementation time for forthcoming federal employee investment restrictions against potential reductions in employees' investment choices, short-term uncertainty about prohibited conduct, and additional administrative costs borne by agencies or taxpayers.
Federal employees gain a clear statutory placement for forthcoming investment restriction rules and a 180-day window before those rules take effect, giving agencies time to issue guidance and allow employees and HR offices to plan for orderly compliance.
Federal employees may face new limits on personal or retirement investments once the forthcoming restrictions are published, reducing their investment choices and potentially affecting retirement outcomes.
Because the section omits the substantive restriction text, federal employees face uncertainty about what behavior will be prohibited until agencies publish implementing rules and guidance.
Agencies will incur administrative costs to implement and enforce the upcoming restrictions, creating additional expenses that will be borne by taxpayers or require reallocation of agency resources.
Based on analysis of 4 sections of legislative text.
Adds a new chapter to title 5 imposing restrictions on covered investments by federal personnel, effective 180 days after enactment; substantive text not included.
Introduced March 18, 2026 by John Peter Ricketts · Last progress March 18, 2026
Creates a new chapter in title 5 of the U.S. Code that will impose restrictions on certain covered investments by federal personnel and related actors, with the new chapter taking effect 180 days after enactment. The provided text does not include the substantive restriction language—only insertion of the chapter into the U.S. Code and the effective date; other sections contain no substantive provisions or funding.