US HB396

Members of Congress, their spouses, and dependent children must place covered investments (securities, commodities, futures, and derivatives) into qualified blind trusts within 180 days of enactment for current members or 90 days for newly elected members

Covered investments exclude widely held investment funds and U.S. Treasury bills, notes, and bonds; spouses and dependent children whose primary occupation compensation comes from covered investments are exempt from the requirement

Members must certify to the Clerk of the House or Secretary of the Senate within 15 days of establishing a blind trust that covered investments have been placed in the trust, or certify they own no covered investments

All certifications must be made publicly available on the respective chamber's website

Blind trusts cannot be dissolved and investments cannot be controlled until 180 days after the member leaves Congress