Good Government Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3201 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3201 To amend chapter 131 of title 5, United States Code, to prohibit transactions involving certain assets by Members of Congress, to require Members of Congress and their spouses and dependent children to place certain assets into blind trusts, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES November 19, 2025 Mr. Sheehy introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs _______________________________________________________________________ A BILL To amend chapter 131 of title 5, United States Code, to prohibit transactions involving certain assets by Members of Congress, to require Members of Congress and their spouses and dependent children to place certain assets into blind trusts, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Good Government Act of 2025''. SEC. 2. COVERED FINANCIAL INSTRUMENTS OF MEMBERS OF CONGRESS AND THEIR SPOUSES AND DEPENDENT CHILDREN. (a) In General.--Chapter 131 of title 5, United States Code, is amended by adding at the end the following: ``Subchapter IV--Covered Financial Instruments of Members of Congress and Their Spouses and Dependent Children ``Sec. 13161. Definitions ``In this subchapter: ``(1) Commodity.--The term `commodity' has the meaning given the term in section 1a of the Commodity Exchange Act (7 U.S.C. 1a). ``(2) Covered financial instrument.-- ``(A) In general.--The term `covered financial instrument' means-- ``(i) any investment in-- ``(I) a security; ``(II) a security future; or ``(III) a commodity; and ``(ii) any economic interest comparable to an interest described i