1. Short title This Act may be cited as the Preventing Opportunistic Returns on Trades and Futures by Officials, Leadership, and Individuals in Office Act or the PORTFOLIO Act . 2. Restricting trading and ownership of covered investments by federal personnel (a) Qualified blind trust amendments Section 102(f)(3) of the Ethics in Government Act of 1978 (5 U.S.C. App 102(f)(3)) is amended— (1) in subparagraph (C)(iii), by striking promptly notify and inserting promptly provide a written notice to ; and (2) by adding after subparagraph (F) the following new subparagraph: (G) Any asset described as a covered investment under title II that is placed in a trust after the date of enactment of the PORTFOLIO Act shall be divested not later than 18 months after such asset was so placed. (H) Notwithstanding subparagraphs (A) through (G), a form of a trust approved by the Office of Government Ethics, Judicial Conference, House of Representatives, or Senate through rulemaking or by majority vote for its respective jurisdiction. . (b) Trade and ownership restrictions The Ethics in Government Act of 1978 (5 U.S.C. App.) is amended by inserting after title I the following: II Restrictions on trade and ownership of covered investments by federal personnel 201. Definitions In this title: (1) Commodity The term commodity has the meaning given the term in section 1a of the Commodity Exchange Act ( 7 U.S.C. 1a ). (2) Covered investment The term covered investment — (A) means an investment in a security, a commodity, a future, cryptocurrency or other digital asset, or any comparable economic interest acquired through synthetic means, such as the use of a derivative, including an option, warrant, or other similar means; and (B) does not include— (i) a widely held investment fund described in section 102(f)(8) that is diversified and publicly traded on a national or regional stock exchange; (ii) an asset held in a qualified blind trust; (iii) an asset held in a qualified diversified trust