Completely useless unless you ban family members and any organizations (charitable or otherwise) that they may have formed, or sit on the board of.
Yep, it has a monster loophole.
But, if for no other reason than being highlighted in a news cycle or two for its name and cause to wake up sheeple, it is worth it.
The whole congress needs to collapse from its swamp weight, but there are some sparks of light - this Act is one. Another is McCarthy’s interview where he lambasts a nutty reporter and answers why Shiffty and Swallow-well will not be on the intelligence committee - worth a view if you have not already seen it.
Or they could use a middle man (or woman, or person-of-dubious-gender).
That might be a concern if you could get more than 3 congressmen to vote for it if they knew it wouldn’t get a presidential veto. It is symbolic, but the symbolism is good and the name says it all.