HR 9560 — No Profiting from Public Service Act

Bill Text

• Introduced Introduced in House Current html June 30, 2026

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill adds restrictions on the financial trade and ownership of covered investments for certain federal officials and their family members.

• 5 U.S.C. 131

  SUBCHAPTER IV--RESTRICTIONS ON FINANCIAL TRADE AND OWNERSHIP Sec. 13151. Definitions In this subchapter: (1) Commodity.--The term `commodity'-- (A) has the meaning given the term in section 1a of the Commodity Exchange Act (7 U.S.C. 1a); and (B) does not include-- (i) a precious metal (as defined in section 1027.100 of title 31, Code of Federal Regulations); or (ii) a prediction market contract. (2) Covered individual.--The term covered individual means any of the following: (A) An officer or employee of Congress (as defined in section 13101). (B) A judicial employee (as defined in section 13101). (C) A political appointee. (D) An officer or employee described in section 13103(f)(3) who is not a political appointee. (E) A candidate as defined in section 301 of the Federal Election Campaign Act of 1971 (52 U.S.C. 30101). (3) Covered official.--The term `covered official' means any of the following: (A) A Member of Congress as defined in section 13101 of this title. (B) A judicial officer (as defined in section 13101). (C) The President. (D) The Vice President. (E) An individual occupying a position described under sections 5312 through 5316 of title 5, United States Code (relating to the Executive Schedule). (F) A dependent child as defined in such section 13101 or a spouse of any individual described in subparagraphs (A) through (E). (4) Covered investment.--The term `covered investment'-- (A) means an investment in a security, a commodity, a future, 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 13104(f)(8) that is diversified and publicly traded on a national or regional stock exchange; (ii) an investment described in subparagraph (A) which is held in a qualified blind trust; (iii) a diversified mutual fund (including any holdings of such a fund); (iv) a diversified exchange-traded fund (including any holdings of such a fund); (v) a United States Treasury bill, note, or bond; (vi) a State or municipal government bill, note, or bond; (vii) any compensation received by the spouse or dependent child of a covered official from their employer; (viii) an interest in a small business concern and, in the case of an investment in a family farm or ranch that qualifies as an interest in a small business concern, a future or commodity directly related to the farming activities and products of the farm or ranch; (ix) an interest in a limited liability company created for the sole purpose of purchasing or holding real estate that serves as the personal residences of the Member of Congress; (x) any share of Settlement Common Stock issued under section 7(g)(1)(A) of the Alaska Native Claims Settlement Act (43 U.S.C. 1606(g)(1)(A)); or (xi) any share of Settlement Common Stock, as defined in section 3 of the Alaska Native Claims Settlement Act (43 U.S.C. 1602).

  This addition establishes a new subchapter in Title 5, outlining definitions and parameters for restrictions on financial trading and ownership for specified federal officials.

• 5 U.S.C. 131

  Sec. 13152. Financial trade and ownership (a) Trade and Ownership of Covered Investment.--Except as described in subsection (c), a covered official may not directly or indirectly, own or trade a covered investment. (b) Prediction Market Contract Trades.--No covered official or covered individual may enter into, or offer to enter into a prediction market contract that is dependent on the occurrence, nonoccurrence, or the extent of the occurrence of a specific political or governmental event, action, or policy.

  This section prohibits covered officials from owning or trading covered investments and engaging in prediction market contracts that are tied to political events.

• 5 U.S.C. 131

  Sec. 13153. Penalties (a) In General.-- (1) Penalties.--Any covered official or covered individual who violates the restrictions in section 13152 shall, at the direction of the supervising ethics office-- (A) pay a fine of equal to 10 percent of the value of the covered investment or prediction market contract; and (B) disgorge the profits of any transaction that violates the provisions of this subchapter. (2) Payment of penalty to general fund.--A penalty imposed under paragraph (1) shall be deposited into general fund of the Treasury.

  This section introduces penalties for violations of the restrictions on financial trade and ownership, including fines and profit disgorgement.

Action History

1. June 30, 2026

   Introduced in House

2. June 30, 2026

   Introduced in House

3. June 30, 2026

   Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

4. June 30, 2026

   Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

5. June 30, 2026

   Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

6. June 30, 2026

   Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

• Kristen McDonald Rivet · Primary
• Kevin Kiley · Cosponsor
• Greg Landsman · Cosponsor
• Eugene Simon Vindman · Cosponsor

Subjects