Two Supreme Court Justices' Kids Would Lose Control of Money Under New Bill
Summary
A new bill called the Justice Is BLIND Act was introduced in Congress to require Supreme Court justices, other federal judges, their spouses, and dependent children to place certain financial assets into blind trusts. This is meant to reduce conflicts of interest and improve trust in the judiciary by preventing judges from controlling investments that could bias their decisions.Key Facts
- The bill was introduced by Representative Hank Johnson, a Democrat from Georgia.
- It applies to Supreme Court justices, other federal judges, their spouses, and dependent children under certain ages or in school.
- Financial assets like stocks, commodities, and futures must be placed in qualified blind trusts, but diversified mutual funds and U.S. Treasury securities are generally exempt.
- Blind trusts prevent judges and their families from controlling these assets directly.
- Judges must comply within 90 days of the law's effect or their appointment.
- Compliance will be publicly documented in a searchable database.
- The bill has no Republican cosponsors and may face challenges passing Congress.
- Supporters say this would align the judiciary’s rules with ethics rules for other federal officials.
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