The bill, titled the “Bipartisan Restoring Faith in Government Act,” aims to prohibit Members of Congress, their spouses, and dependents from owning or trading certain financial investments to prevent conflicts of interest. It defines what types of financial instruments are restricted and...
Simple Explanation
The bill is like a rule saying that people in Congress and their families can't own or trade certain money things that might cause problems, and if they break the rule, they might have to pay a big fine. But they can still have some safe things like super common stocks or government bonds if they let someone else manage it without telling them what to do.