Justice is BLIND Act of 2023

To require justices, judges, magistrate judges, or bankruptcy judges and their spouses and dependent children to place certain assets into qualified blind trusts, and for other purposes. 1. Short title This Act may be cited as the Justice is Beneficial Limitation on Investments and Necessary Disclosure Act of 2023 Justice is BLIND Act of 2023 2. Placement of certain assets of justices, judges, magistrate judges, or bankruptcy judges and their spouses and dependent children in blind trust Section 455 of title 28, United States Code, is amended— (1) in subsection (c), by inserting the following: though such efforts should not include seeking information about the identity of the financial instruments contained in any qualified blind trust other than the initial assets of the qualified blind trust established by a justice, judge, magistrate judge or bankruptcy judge, or the spouse or dependent child of such justice, judge, magistrate judge, or bankruptcy judge, to comply with subsection (g) (2) by adding at the end the following: (g) Placement of certain assets of justices, judges, magistrate judges, or bankruptcy judges and their spouses and dependent children in qualified blind trust (1) In general (A) Justice, judge, magistrate judge, or bankruptcy judge occupying office on date of enactment Not later than 90 days after the effective date of this subsection, a justice, judge, magistrate judge, or bankruptcy judge and any spouse or dependent child of such justice, judge, magistrate judge, or bankruptcy judge shall place any covered financial interest of such justice, judge, magistrate judge, or bankruptcy judge or by any spouse or dependent child of such justice, judge, magistrate judge, or bankruptcy judge, into a qualified blind trust. (B) Justice, judge, magistrate judge, or bankruptcy judge assuming office after date of enactment Not later than 90 days after the date an individual becomes a justice, judge, magistrate judge, or bankruptcy judge, such individual and any spouse or dependent child of such individual shall place any covered financial interest of such individual, spouse, or dependent child into a qualified blind trust. (C) Mingling of assets A spouse or dependent child of a justice, judge, magistrate judge, or bankruptcy judge may place a covered financial interest in a qualified blind trust established by such justice, judge, magistrate judge, or bankruptcy judge under subparagraph (A) or (B). A justice, judge, magistrate judge, or bankruptcy judge may place a covered financial interest in a qualified blind trust established by the spouse of such justice, judge, magistrate judge, or bankruptcy judge under subparagraph (A) or (B). (D) Assets upon separation A justice, judge, magistrate judge, or bankruptcy judge and any spouse or dependent child of such justice, judge, magistrate judge, or bankruptcy judge may not dissolve any qualified blind trust in which a covered financial interest has been placed pursuant to subparagraph (A) or (B), or otherwise control such a financial interest, until the date that is 180 days after the date such justice, judge, magistrate judge, or bankruptcy judge ceases to be a justice, judge, magistrate judge, or bankruptcy judge. (2) Accountability (A) In general A justice, judge, magistrate judge, or bankruptcy judge shall— (i) not later than 15 days after the date a qualified blind trust is established under paragraph (1), attest in writing that such trust has been established and that any covered financial interest of such justice, judge, magistrate judge, or bankruptcy judge or a spouse or dependent child of such justice, judge, magistrate judge, or bankruptcy judge has been placed in such trust; or (ii) attest in writing that neither such justice, judge, magistrate judge, or bankruptcy judge nor a spouse or dependent child of such justice, judge, magistrate judge, or bankruptcy judge have any financial interests. (B) Report The Administrative Office of the United States Courts shall make available on the searchable internet database established under section 105(c) 5 U.S.C. 13107(c) (3) Exception A spouse or dependent child who receives compensation from their primary occupation through any covered financial interest shall not be required to place such covered financial interest in a qualified blind trust under this subsection. (4) Definitions In this subsection: (A) Commodity The term commodity 7 U.S.C. 1a (B) Covered financial interest The term covered financial interest (i) means a financial interest in a security, a commodity, or a future, or any comparable economic interest acquired through synthetic means such as the use of a derivative; and (ii) does not include— (I) a widely held investment fund described in section 13104(f)(8) of title 5 that is diversified and registered as a management company under the Investment Company Act of 1940 ( 15 U.S.C. 80a–1 et seq. (II) a United States Treasury bill, note, or bond. (C) Dependent child The term dependent child (D) Qualified blind trust The term qualified blind trust (5) Severability If any provision of this subsection or the application of such provision to any person or circumstance is held to be unconstitutional, the remainder of this subsection and the application of the remaining provisions of this subsection to any person or circumstance, shall not be affected. .

Summary: Justice is Beneficial Limitation on Investments and Necessary Disclosure Act of 2023 or the Justice is BLIND Act of 2023 This bill requires a federal judge, as well as any spouse or dependent child of a federal judge, to place specified investments into a qualified blind trust (i.e., an arrangement in which certain financial holdings are placed in someone else's control to avoid a possible conflict of interest) until 180 days after the end of their tenure as a federal judge.