Landsman Complies with the TRUST in Congress Act Before It Becomes Law
Cincinnati, OH – Today, Congressman Greg Landsman (D-OH-01) announced his investment portfolio is fully compliant with the bipartisan Transparent Representation Upholding Service and Trust (TRUST) in Congress Act – before it becomes law.
The bipartisan Transparent Representation Upholding Service and Trust (TRUST) in Congress Act – reintroduced in the 119th Congress – is designed to limit opportunities for insider trading. It requires members of Congress, as well as their spouses and dependent children, to either divest from individual stocks or place their investments in an arrangement where they have no knowledge of or control over how the assets are managed. This ensures members of Congress cannot use confidential information for personal financial benefit.
Congressman Landsman and his wife, Sarah, have sold all their individual stocks and reinvested in mutual funds and exchange-traded funds (ETF) to become completely compliant with the TRUST in Congress Act.
The Landsman family’s asset allocations are determined by a portfolio manager, and they are not involved in buying or trading individual stocks – they’re invested in broad and diversified market funds.
Congressman Landsman:
“I wanted to be one of the first members of Congress to comply with this legislation – even before it becomes law – because people see a system that’s broken, and I’m determined to be part of the generation that fixes it. I don’t want a single constituent to think that I’m doing anything in DC but thinking about them. Getting members of Congress out of the stock-trading business – and free from the influence of outside corporate interests – is a big part of the solution.”
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