Stop Lawmakers From Predicting Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9367 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9367

   To amend chapter 131 of title 5, United States Code, to restrict
Members of Congress and their spouses and dependents from profiting off
              prediction markets, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             June 18, 2026

   Mr. Steil (for himself, Mrs. Miller of Illinois, Mr. Murphy, Mrs.
  Hinson, and Mr. Griffith) introduced the following bill; which was
           referred to the Committee on House Administration

_______________________________________________________________________

                                 A BILL

   To amend chapter 131 of title 5, United States Code, to restrict
Members of Congress and their spouses and dependents from profiting off
              prediction markets, 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 ``Stop Lawmakers From Predicting
Act''.

SEC. 2. RESTRICTIONS ON TRADING ON PREDICTION MARKETS.

    (a) Restrictions.--Chapter 131 of title 5, United States Code, is
amended by adding at the end the following new subchapter:

     ``SUBCHAPTER IV--RESTRICTIONS ON TRADING ON PREDICTION MARKETS

``Sec. 13151. Definitions
    ``In this subchapter:
            ``(1) Covered individual.--The term `covered individual'
        means any of the following:
                    ``(A) A Member of Congress as defined in section
                13101.
                    ``(B) A dependent child as defined in such section
                13101 or a spouse of a Member of Congress.
            ``(2) Supervising ethics office.--The term `supervising
        ethics office' has the meaning given the term in section 13101.
``Sec. 13152. Trading on prediction markets
    ``(a) Conduct During Federal Service.--No covered individual may
enter into, or offer to enter into an agreement, contract, or
transaction that provides for any purchase, sale, payment, or delivery
that is dependent on the occurrence, nonoccurrence, or the extent of
the occurrence of--
            ``(1) a specific government policy;
            ``(2) a government action;
            ``(3) a political outcome; or
            ``(4) any other event which has come to the attention of a
        covered individual as a result, directly or indirectly, of the
        service of a Member of Congress in the United States Congress,
        regardless of any connection to the congressional duties of
        such Member.
    ``(b) Interpretative Guidance.--The supervising ethics office shall
issue interpretive guidance on any relevant term not defined in this
subchapter.
``Sec. 13153. Enforcement
    ``(a) Penalties.--Any covered individual who violates the
restrictions in section 13152 shall, at the direction of the
supervising ethics office, incur a fee, as calculated in subsection
(b), to be paid by the Member of Congress who--
            ``(1) caused the violation; or
            ``(2) is the spouse or parent of a covered individual who
        caused the violation.
    ``(b) Calculation of Fees.--The fee required under subsection (a)
shall be equal to the sum of--
            ``(1) $2,000 or ten percent of the value of the agreement,
        contract, or transaction which violates section 13152,
        whichever is greater; and
            ``(2) the net gain realized, if any, from the agreement,
        contract, or transaction which violates section 13152 during
        the period beginning on the most recent date on which the
        individual became a covered individual and ending on the date
        of disposition of such agreement, contract, or transaction, as
        determined by the supervising ethics office.
    ``(c) Payment Restrictions.--A covered individual may not pay any
of the penalties under this section from the following sources:
            ``(1) The Members' Representational Allowance.
            ``(2) The Senators' Official Personnel and Office Expense
        Account.
            ``(3) Any contribution (as defined in section 301(8) of the
        Federal Election Campaign Act of 1971 (52 U.S.C. 30101(8)))
        accepted as a candidate, and any other donation received as
        support for activities of the individual as a holder of Federal
        office.
    ``(d) Miscellaneous Receipts.--Any amounts collected in fees
authorized by this section shall be deposited in the general fund of
the Treasury as miscellaneous receipts in accordance with section
3302(b) of title 31, United States Code.
    ``(e) Referral.--The supervising ethics office has the authority to
refer a former Member of Congress to the Department of Justice and
section 13106 shall be applied in the same manner and to the same
extent as a violation under such section if such former Member resigns
or retires before paying the fee under this section.
    ``(f) Interpretative Guidance.--Each supervising ethics office may
issue interpretative guidance on this subchapter and in issuing such
guidance may consider mitigating or aggravating circumstances.''.
    (b) Table of Contents.--The table of contents for chapter 131 of
title 5, United States Code, is amended by adding at the end the
following:

     ``subchapter iv--restrictions on trading on prediction markets

``13151. Definitions.
``13152. Trading on prediction markets.
``13153. Enforcement.''.
    (c) Effective Date.--The amendments made by this Act shall take
effect on the date that is 180 days after the date of the enactment of
this Act.
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