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Covered financial instrument

Specific types of investments, such as individual stocks, security futures, and commodities, that would be subject to the bill's restrictions. It excludes diversified mutual funds, diversified exchange-traded funds, and U.S. Treasury bonds.

Security

A tradable financial asset, like a stock, bond, or mutual fund share, representing ownership or debt.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type, such as oil, gold, or agricultural products.

Qualified blind trust

A special kind of financial trust where the owner (e.g., a member of Congress) hands over control of their assets to an independent manager and cannot direct or know about the specific investment decisions being made.

Diversified mutual fund / exchange-traded fund

An investment fund that holds a wide variety of assets across different industries or companies, rather than concentrating in just a few, reducing overall risk.

Divest

To sell off an asset or investment.

Supervising ethics office

The official ethics committee for the Senate (Select Committee on Ethics) or the House of Representatives (Committee on Ethics), responsible for overseeing ethical conduct of members.