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Blind Trust

A financial arrangement where investments are managed by an independent trustee without the owner's knowledge of the specific assets or transactions. The owner gives up control and information about the investments to avoid potential conflicts of interest.

Covered Investment

Specific types of investments that would be subject to the blind trust requirement, including individual stocks, commodities, futures, and derivatives. It specifically excludes widely held investment funds (like many mutual funds) and U.S. Treasury bills, notes, or bonds.

Dependent Child

A child who relies on a Member of Congress for financial support, as defined by existing ethics laws. These children's investments would also be subject to the blind trust requirement.

Member of Congress

An elected official serving in either the U.S. House of Representatives or the U.S. Senate.

Certification

A formal, written statement confirming that a requirement has been met (e.g., that a blind trust has been set up) or that a certain condition exists (e.g., no covered investments are owned).

Commodity

Raw materials or primary agricultural products that can be bought and sold, such as oil, gold, or wheat. Investments in commodities or commodity futures would be covered by this bill.