Bipartisan Restoring Faith in Government Act

HR 3003, the Bipartisan Restoring Faith in Government Act, prohibits members of Congress, their spouses, and dependents from owning or trading certain financial investments like stocks, bonds, or commodities. It requires affected individuals to divest these assets within 90 days of the law's enactment or upon becoming a covered individual, with exceptions for U.S. Treasury securities, state/local government bonds, and some mutual funds. Violations could result in civil penalties up to $50,000, and members must submit compliance certificates to ethics offices, which will be publicly posted. The bill aims to reduce conflicts of interest by restricting personal financial holdings that could influence legislative decisions.