1. Short title This Act may be cited as the Dismantling Investments in Violation of Ethical Standards through Trusts Act . 2. Prohibiting transactions and ownership of certain financial instruments by senior Federal employees, their spouses, or dependent children (a) In general Chapter 13 of title 5, United States Code, is amended by adding after subchapter III the following: IV Restrictions Regarding Financial Instruments 13151. Definitions In this subchapter: (1) Covered financial instrument (A) In general The term covered financial instrument means— (i) any investment in— (I) a security (as defined in section 3(a) of Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) )); (II) a security future (as defined in that section); or (III) a commodity (as defined in section 1a of the Commodity Exchange Act ( 7 U.S.C. 1a )); and (ii) any economic interest comparable to an interest described in clause (i) that is acquired through synthetic means, such as the use of a derivative, including an option, warrant, or other similar means. (B) Exclusions The term covered financial instrument does not include— (i) a diversified mutual fund; (ii) a diversified exchange-traded fund; (iii) a United States Treasury bill, note, or bond