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Member of Congress

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

Covered Investment

Specific types of financial assets like individual company stocks, commodities (like oil or gold futures), or other similar complex financial instruments. It does not include broad, diversified funds or government bonds.

Divest

To sell off or get rid of an investment or asset, often to avoid a conflict of interest.

Diversified Fund

An investment fund that spreads its money across many different companies, industries, or types of assets, rather than concentrating in just a few, to reduce risk.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type, such as crude oil, grain, or precious metals. In this bill, precious metals are excluded.

Security

A tradable financial asset, typically a stock or bond, representing ownership in a company or a debt owed by a government or corporation.

Certificate of Divestiture

A document issued by an ethics office confirming that an individual has sold assets to avoid a conflict of interest, which can allow for certain tax benefits.