United States 118th Congress Status: In Committee 3 D cosponsors

HR 7264 — Stop Politicians Profiting from War Act of 2024

Last action — Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

To prohibit certain defense industry stock trading and ownership by Members of Congress and spouses of Members of Congress, and for other purposes.

Bill Text

How this bill changes current law

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

The bill introduces new restrictions on stock trading and ownership of defense industry assets by Members of Congress and their families, impacting existing laws by defining relevant terms and amending tax provisions.

  • 7 U.S.C. 1a

    The term "commodity" has the meaning given that term in section 1a of the Commodity Exchange Act (7 U.S.C. 1a).

    Defines 'commodity' in the context of the new restrictions.

  • 20 U.S.C. 1001

    The term "covered defense contractor" means a person, other than an institution of higher education, or a non-profit medical treatment facility, that has entered into a contract, transaction, or other agreement with the Department of Defense.

    Defines 'covered defense contractor' for applying stock trading restrictions.

  • 15 U.S.C. 78c

    The term "security" has the meaning given that term in section 3(a) of Securities Exchange Act of 1934 (15 U.S.C. 78c(a)).

    Clarifies the meaning of 'security' in relation to trading restrictions.

  • 5 U.S.C. 13104

    None of the provisions of this title shall be construed to permit payment of salary or other allowances to Members of Congress. → by striking ``and'' at the end of subparagraph (A); by redesignating subparagraph (B) as subparagraph (C); by inserting after subparagraph (A) the following new subparagraph: ``(B) any Member of Congress or Member of Congress-elect, but only with respect to a divestment of property required by the Stop Politicians Profiting from War Act of 2024, and``; and by striking ``subparagraph (A)'' in subparagraph (C), as so redesignated, and inserting ``subparagraph (A) or (B), whichever is applicable``.

    Amends tax provisions regarding nonrecognition of gain for divestments required under the bill.

  • 5 U.S.C. 13101

    The term "Member of Congress" has the meaning given that term in section 13101 of title 5, United States Code.

    Specifies who falls under the definition of 'Member of Congress' for compliance with the trading restrictions.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, Agriculture, 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. Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, Agriculture, 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. Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, Agriculture, 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. Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, Agriculture, 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.

  7. Sponsor introductory remarks on measure. (CR H644)

  8. Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 544 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (544)

544 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

public-safety finance civil-rights veterans
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Frequently asked questions

What does HR 7264 do?
To prohibit certain defense industry stock trading and ownership by Members of Congress and spouses of Members of Congress, and for other purposes.
Who sponsors HR 7264?
HR 7264 is sponsored by Tlaib, Rashida (Democratic), Bush, Cori (Democratic), and Lee, Summer L. (Democratic).
What is the current status of HR 7264?
This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 7264?
Track HR 7264 free on One Click Politics — get push/email alerts when it moves.

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