A bill to amend chapter 131 of title 5, United States Code, to prohibit transactions involving certain assets by Members of Congress, to require Members of Congress and their spouses and dependent children to place certain assets into blind trusts, and for other purposes.

Bill ID: 119/s/3201
Last Updated: November 19, 2025

Sponsored by

Sen. Sheehy, Tim [R-MT]

ID: S001232

Follow the money

The bill

A bill to amend chapter 131 of title 5, United States Code, to prohibit transactions involving certain assets by Members of Congress, to require Members of Congress and their spouses and dependent children to place certain assets into blind trusts, and for other purposes.

S. 3201, 119th Congress β€” read as touching Private Equity & Hedge Funds.

The sponsor

Sen. Sheehy, Tim [R-MT]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$157,251 raised

30 itemised contributions to this sponsor, pulled from FEC filings.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

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Introduced

πŸ“ Current Status

Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.

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Committee Review

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Floor Action

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Passed Senate

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House Review

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Passed Congress

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Presidential Action

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Became Law

πŸ“š How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

No summary available

πŸ’° Campaign Finance Network

Sen. Sheehy, Tim [R-MT]

Congress 119 β€’ 2024 Election Cycle

Total Contributions
$157,251
4 donors
PACs
$157,251
Organizations
$0
Committees
$0
Individuals
$0
1
CLUB FOR GROWTH PAC
12 transactions
$83,190
2
SENATE CONSERVATIVES FUND
13 transactions
$45,131
3
REPUBLICAN JEWISH COALITION-POLITICAL ACTION COMMITTEE (RJC-PAC)
3 transactions
$21,000
4
SUSAN B. ANTHONY LIST INC. CANDIDATE FUND (DBA SUSAN B. ANTHONY PRO-LIFE AMERICA CANDIDATE FUND)
2 transactions
$7,930

No organization contributions found

No committee contributions found

No individual contributions found

Donor Network - Sen. Sheehy, Tim [R-MT]

PACs
Organizations
Individuals
Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

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Showing 9 nodes and 30 connections (67 secondary connections hidden)

Total contributions: $157,251

Top Donors - Sen. Sheehy, Tim [R-MT]

Showing top 4 donors by contribution amount

4 PACs

Industry Impact

Which industries are materially affected by specific provisions in this bill. 3 harmed.

  • Section 13162's prohibition on holding/purchasing/selling covered financial instruments may also impact private equity and hedge fund investments, as these often involve securities, commodities, or other covered financial instruments.

  • Section 13165's enforcement mechanisms and Section 13166's authority for supervising ethics committees may lead to increased scrutiny and regulation of lobbying activities, potentially affecting the lobbying and law industries.

  • βˆ’Commercial Banksconfidence 0.60

    While not directly targeted, commercial banks may be indirectly affected by Section 13162's restrictions on covered financial instruments, potentially limiting their ability to engage in certain transactions with Members of Congress or their families.

Who funds the sponsor on these industries

For each industry this bill affects, here's what the sponsor (Sen. Sheehy, Tim [R-MT])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent β€” they are a record of who funds the people writing the law.

Industries this bill HARMS

  • from 47 contributions
    • BROWNSTEIN, NORMAN$16,500
    • DUNN, BRENDAN$3,300
    • STEINMETZ, MATTHEW E.$3,300
    • BATES, HUNTER$3,000
    • ANDERSON, BRANDT$2,500
  • from 14 contributions
    • BLACK, JOSHUA$10,170
    • SINGER, PAUL$9,900
    • GRIFFIN, KENNETH$9,900
    • BRENNAN, MICHAEL$3,570
    • MEHLMAN, KENNETH$3,300
  • from 14 contributions
    • BAKER, BRIAN$9,300
    • BLUM, JONATHAN$1,000
    • BARNEY, FREDERICK JR.$500
    • ROYAN, JAMES W.$350
    • DUGGAN, TIMOTHY$300

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