Honesty and Trust in Service Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9082 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9082

  To prohibit the use of prediction markets by Department of Defense
                   personnel, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                              May 29, 2026

 Mr. Vindman introduced the following bill; which was referred to the
                      Committee on Armed Services

_______________________________________________________________________

                                 A BILL

  To prohibit the use of prediction markets by Department of Defense
                   personnel, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Honesty and Trust in Service Act''.

SEC. 2. PROHIBITION ON USE OF PREDICTION MARKETS BY PERSONNEL OF THE
              DEPARTMENT OF DEFENSE.

    (a) Regulations Required.--Not later than 180 days after the date
of the enactment of this Act, the Secretary of Defense, in consultation
with the Secretaries of the military departments, shall issue
regulations prohibiting members of the covered Armed Forces and
civilian employees of the Department of Defense from entering into
transactions on prediction markets in cases in which the member or
employee--
            (1) at the time of the transaction, possesses material
        nonpublic information relevant to such transaction; or
            (2) may reasonably obtain such material nonpublic
        information in the course of performing official duties,
        including when such information would not otherwise be
        available to a member of the public exercising reasonable
        diligence.
    (b) Enforcement.--The regulations under subsection (a) shall
specify a range of punishments for the use of prediction markets in
violation of the regulations.
    (c) Definitions.--In this section:
            (1) The term ``covered Armed Forces'' means the Army, Navy,
        Air Force, Marine Corps, and Space Force.
            (2) The term ``material nonpublic information'' means
        information--
                    (A) that a reasonable investor would consider
                important in making an investment decision; and
                    (B) that is not publicly available.
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