{ "id": "RS21656", "type": "CRS Report", "typeId": "REPORTS", "number": "RS21656", "active": false, "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source": "EveryCRSReport.com", "id": 308399, "date": "2005-09-23", "retrieved": "2016-04-07T19:31:08.883029", "title": "The Use of Blind Trusts By Federal Officials", "summary": "A blind trust, as discussed in this report, is a device employed by a federal official to hold,\nadminister and manage the private financial assets, investments and ownerships of the official, and\nhis or her spouse and dependant children, as a method of conflict of interest avoidance. In\nestablishing a qualified blind trust upon the approval of the appropriate supervisory ethics entity, the\nofficial transfers, without restriction, control and management of private assets to an independent\ntrustee who may not communicate information about the identity of the holdings in the trust to the\nofficial. The trust is considered \u201cblind\u201d because eventually, through the sale of\ntransferred assets\nand the purchase of new ones, the public officer will be shielded from knowledge of the identity of\nthe specific assets in the trust. Without such knowledge, conflict of interest issues would be avoided\nbecause no particular asset in the trust could act as an influence upon the official duties that the\nofficer performs for the Government.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS21656", "sha1": "0dc42520ee4676900f1a705040b0dfd75144bb7f", "filename": "files/20050923_RS21656_0dc42520ee4676900f1a705040b0dfd75144bb7f.pdf", "images": null }, { "format": "HTML", "filename": "files/20050923_RS21656_0dc42520ee4676900f1a705040b0dfd75144bb7f.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs5123/", "id": "RS21656 2003-10-31", "date": "2003-10-31", "retrieved": "2005-06-11T23:21:00", "title": "The Use of Blind Trusts by Federal Officials", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20031031_RS21656_b603b3382c345f448b31d4dd51cbb22298531423.pdf" }, { "format": "HTML", "filename": "files/20031031_RS21656_b603b3382c345f448b31d4dd51cbb22298531423.html" } ], "topics": [ { "source": "LIV", "id": "Law", "name": "Law" }, { "source": "LIV", "id": "Federal officials", "name": "Federal officials" }, { "source": "LIV", "id": "Trusts and trustees", "name": "Trusts and trustees" }, { "source": "LIV", "id": "Government employees", "name": "Government employees" } ] } ], "topics": [ "American Law" ] }