An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Covered individual

The President, Vice President, a U.S. Senator, a U.S. Representative, a Delegate to Congress, a Resident Commissioner of Puerto Rico, or a candidate for any of those offices.

Digital asset

Any digital representation of value recorded using secure computer ledger technology, such as cryptocurrencies.

Prohibited financial transaction

Issuing, sponsoring, endorsing, buying, selling, holding, or otherwise acquiring digital assets, including through derivatives or funds that aggregate such assets.

Qualified blind trust

A special type of trust approved by an ethics office where the official does not know what assets are being bought or sold, managed by an independent trustee, to prevent conflicts of interest.

Supervising ethics office

The government office responsible for overseeing the ethical conduct and financial disclosures of public officials, such as the Office of Government Ethics or House/Senate ethics committees.

Disgorgement

The act of giving up illegally obtained profits to the government or a court, often as a penalty for wrongdoing.

Cryptographically secured distributed ledger