CITE Act of 2026
The source supplies the latest action, but no lifecycle stage.
Latest action (30 Jul 2026): Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
What this bill does
The Candidate Investment Transparency and Ethics Act of 2026, or CITE Act, would require individuals running for federal office—President, Vice President, U.S. Senate, or U.S. House of Representatives—to either sell their publicly traded securities or place them in a qualified blind trust within 90 days of formally declaring their candidacy. This requirement would also apply to their spouses and dependent children. The bill defines "covered investments" as stocks, bonds, and other securities issued by publicly traded companies, while exempting certain investments like diversified mutual funds and U.S. Treasury securities.
The bill would also prohibit candidates from acquiring new covered investments once they have filed for office, with exceptions for inheritances that must still be divested or placed in a blind trust within 90 days. Candidates would need to certify their compliance to the relevant ethics committee. The bill has been introduced in the House of Representatives and referred to two committees. If passed by the House and then the Senate, and signed by the President, it would take effect 180 days later, applying to candidates who file for office on or after that date.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
30 Jul 2026
Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Common questions
- What does H.R. 9989 do?
- The Candidate Investment Transparency and Ethics Act of 2026, or CITE Act, would require individuals running for federal office—President, Vice President, U.S. Senate, or U.S. House of Representatives—to either sell their publicly traded securities or place them in a qualified blind trust within 90 days of formally declaring their candidacy. This requirement would also apply to their spouses and dependent children. The bill defines "covered investments" as stocks, bonds, and other securities issued by publicly traded companies, while exempting certain investments like diversified mutual funds and U.S. Treasury securities. The bill would also prohibit candidates from acquiring new covered investments once they have filed for office, with exceptions for inheritances that must still be divested or placed in a blind trust within 90 days. Candidates would need to certify their compliance to the relevant ethics committee. The bill has been introduced in the House of Representatives and referred to two committees. If passed by the House and then the Senate, and signed by the President, it would take effect 180 days later, applying to candidates who file for office on or after that date.
- Has H.R. 9989 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 9989. Check the latest action and official source below.
- Who sponsored H.R. 9989?
- H.R. 9989 was sponsored by Rep. Mackenzie, Ryan [R-PA-7] (R-PA), with 0 cosponsors.
- What's the latest action on H.R. 9989?
- Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (30 Jul 2026).
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