• Loophole: Initial asset knowledge in “blind” trusts – Shortfall (ETHICS/HONEST): Standard trusts allow initial holdings; trustee bias; 30–45 day lag. – Baseline Fix (LIAA): Divest initial assets ≤90 days; independent trustee panel; zero-contact rule. • Loophole: Spouse / occupation carve-around – Shortfall (ETHICS/HONEST): Spouse “primary occupation” + dependent thresholds enable proxy trades. – Baseline Fix (LIAA): Spouses/dependents fully covered; no occupation carveouts; ultra-blind trust. • Loophole: Asset coverage gaps – Shortfall (ETHICS/HONEST): Crypto/derivatives/SPACs not explicit; sector ETF bets slip through. – Baseline Fix (LIAA): Explicit coverage of options, derivatives, crypto, SPACs; sector ETF concentration = conflict. • Loophole: Disclosure lag – Shortfall (ETHICS/HONEST): 30–45 day windows delay scrutiny. – Baseline Fix (LIAA): 7-day machine-readable GAO portal; public, searchable. • Loophole: Penalties too low to deter – Shortfall (ETHICS/HONEST): $200–$500 fines / monthly caps → trivial. – Baseline Fix (LIAA): Forfeiture + up to 3×; automatic DOJ/SEC referrals; leadership loss for repeats. • Loophole: No state harmonization path – Shortfall (ETHICS/HONEST): No alignment → patchwork risk. – Baseline Fix (LIAA): Treasury grants; 5-state pilot; GAO reviews; model rules.