; and (ii) the Member of Congress fails to obtain an extension pursuant to paragraph (3). (3) Extensions If a new Member of Congress, or a spouse or dependent child of the Member of Congress, is unable to place a covered investment in a qualified blind trust by the date described in paragraph (2)(A), the Member of Congress may request, and the supervising ethics office may grant, 1 or more reasonable extensions, subject to the conditions that— (A) the total period of time covered by all extensions granted to the Member of Congress for the covered investment shall not exceed 180 days; and (B) the period covered by a single extension shall be not longer than 45 days. (c) Acquisitions during service (1) In general Subject to paragraph (2), and any applicable rules issued pursuant to subsection (h)(3), effective beginning on the date of enactment of the Ban Congressional Stock Trading Act , a Member of Congress, and a spouse or dependent child of the Member of Congress, may not acquire a covered investment. (2) Inheritances (A) In general Subject to subparagraph (B), a Member of Congress or a spouse or dependent child of a Member of Congress who inherits a covered investment shall divest or place the covered investment in a qualified blind trust by not later than 120 days after the date on which the covered investment is inherited. (B) Extensions If a Member of Congress, or a spouse or dependent child of the Member of Congress, is unable to place a covered investment in a qualified blind trust by the date described in subparagraph (A), the Member of Congress may request, and the supervising ethics office may grant, 1 or more reasonable extensions, subject to the conditions that— (i) the total period of time covered by all extensions granted to the Member of Congress for the covered investment shall not exceed 180 days