Dusty Johnson U.S. House of Representatives from South Dakota's at-large district | Official U.S. House Headshot
Dusty Johnson U.S. House of Representatives from South Dakota's at-large district | Official U.S. House Headshot
U.S. Representatives Dusty Johnson, Chip Roy, and Seth Magaziner have re-introduced the bipartisan TRUST in Congress Act aimed at prohibiting Members of Congress, their spouses, and dependent children from trading individual stocks during their tenure. The bill seeks to address concerns about potential conflicts of interest due to access to privileged information.
“Most Americans agree that congressmen should be banned from buying stocks,” said Representative Johnson. “As members of Congress, we may have access to information regarding companies and markets, and we absolutely should not have the ability to use this information for personal gain.”
The legislation requires that stock investments by a Member of Congress or their family be placed into a qualified blind trust until 180 days after they leave office. It covers investments in securities, commodities, futures, or similar economic interests acquired through derivatives.
Representative Johnson has previously cosponsored the TRUST in Congress Act during the 117th and 118th Congress sessions.
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