119-HR1599

Dismantling Investments in Violation of Ethical Standards through Trusts Act

Last action was on 2-26-2025

Bill is currently in: House
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Current status is Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

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119th CONGRESS

1st Session

H. R. 1599

1. Short title
2. Prohibiting transactions and ownership of certain financial instruments by senior Federal employees, their spouses, or dependent children

1. Short title

This Act may be cited as the "Dismantling Investments in Violation of Ethical Standards through Trusts Act".


2. Prohibiting transactions and ownership of certain financial instruments by senior Federal employees, their spouses, or dependent children

(a) In general - Chapter 13 of title 5, United States Code, is amended by adding after subchapter III the following:

(b) Application - The amendments made by subsection (a) shall apply to individuals described in section 13152(a) of title 5, United States Code, (as added by subsection (a)) beginning on the date that is 12 months following the date of enactment of this Act.

(c) Additional employees - Section 13121(c)(1) of title 5, United States Code, is amended by inserting "up to 100" after "appoint".

(d) Funding - The Director of the Office of Management and Budget may transfer such funds as the Director considers appropriate, to be derived from unobligated amounts available for executive branch programs identified by the Director to be duplicative, to the Office of Government Ethics for the purpose of carrying out this Act, to remain available until the date that is 5 years following the date of the enactment of this Act.