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HR 8754 117th Congress House Government Operations and Politics

Dismantling Investments in Violation of Ethical Standards through Trusts Act

Introduced: August 30, 2022 Introduced by: Cloud, Michael Republican · Texas See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 30, 2022
Referred to the Committee on Oversight and 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.
Aug 30, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

Dismantling Investments in Violation of Ethical Standards through Trusts Act

This bill prohibits a senior federal employee, his or her spouse, or dependent children from holding, purchasing, or selling certain financial instruments during the employee's term of service.

Any profit made in violation of the prohibition must be disgorged to the Treasury and may subject the individual to a civil fine. The bill also requires the submission of an annual certification of compliance and requires the Government Accountability Office to conduct a compliance audit.

A loss from a transaction or holding involving a covered financial instrument that is conducted in violation of this bill may not be deducted from the amount of income tax owed by the applicable senior federal employee, spouse, or dependent child.

A senior federal employee who holds or conducts a transaction involving a covered financial instrument in violation of this bill may be subject to a civil fine assessed by the supervising ethics office.

What's happening now August 30, 2022

Referred to the Committee on Oversight and 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Golden, Jared F.
Maine · Aug 30, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8754: Dismantling Investments in Violation of Ethical Standards through Trusts Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8754/
MLA
"H.R. 8754: Dismantling Investments in Violation of Ethical Standards through Trusts Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8754/.
Bluebook (legal)
H.R. 8754, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8754/.
Markdown link
[H.R. 8754: Dismantling Investments in Violation of Ethical Standards through Trusts Act](https://openamerica.io/bill/117-HR-8754/)
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