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Covered Individual

An individual subject to the bill's investment restrictions, including Members of Congress, the President, the Vice President, candidates for these offices, and their spouses and dependent children.

Covered Investment

Specific types of investments that cannot be bought or sold directly by covered individuals, such as individual stocks, digital assets (like cryptocurrency), commodities (excluding precious metals), futures, and derivatives. It generally excludes diversified, publicly traded funds and government bonds.

Qualified Blind Trust

A financial arrangement where investments are managed by an independent third party, and the owner (the covered individual) has no knowledge of or control over the specific buying and selling decisions.

Digital Asset

A digital representation of value or rights that can be transferred and stored electronically, often using blockchain technology, such as cryptocurrencies.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type, such as oil, grain, or coffee. This bill specifically excludes precious metals from its definition of commodity.

Supervising Ethics Office

The official body responsible for overseeing and enforcing ethics rules for government officials within a specific branch or chamber of government (e.g., House Ethics Committee, Senate Ethics Committee, Office of Government Ethics).