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HR 310 118th Congress House Government Operations and Politics Accounting and auditing Civil actions and liability Family relationships Federal officials Financial services and investments Government employee pay, benefits, personnel management Government ethics and transparency, public corruption Government information and archives Income tax deductions Securities

Dismantling Investments in Violation of Ethical Standards through Trusts Act

Introduced: July 11, 2024 Introduced by: Cloud, Michael Republican · Texas See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jan 12, 2023
Referred to the Committee on Oversight and Accountability, 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.
Jan 12, 2023
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 January 12, 2023

Referred to the Committee on Oversight and Accountability, 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 5
All 5 Democratic 2 Republican 3
R
Cammack, Kat
Florida · Jul 11, 2024
 R
Brecheen, Josh
Oklahoma · May 10, 2023
 D
Krishnamoorthi, Raja
Illinois · Apr 20, 2023
 R
Self, Keith
Texas · Feb 27, 2023
 D
Golden, Jared F.
Maine · Jan 12, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 310: Dismantling Investments in Violation of Ethical Standards through Trusts Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-310/
MLA
"H.R. 310: Dismantling Investments in Violation of Ethical Standards through Trusts Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-310/.
Bluebook (legal)
H.R. 310, 118th Cong. (2026), https://openamerica.io/bill/118-HR-310/.
Markdown link
[H.R. 310: Dismantling Investments in Violation of Ethical Standards through Trusts Act](https://openamerica.io/bill/118-HR-310/)
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