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Pentagon Officials Stock Trading Ban: New Rules

This bill aims to tighten rules on stock ownership and trading by certain Department of Defense officials. The changes are designed to prevent situations where officials could profit from companies receiving large Pentagon contracts. Citizens can expect greater transparency and fairness in the expenditure of public defense funds.
Key points
Extends the stock ownership ban to companies that received over one billion dollars from the Department of Defense in the preceding year.
Previously, the ban only applied to the top 10 companies by contract value; now it will cover more entities.
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Status:
Expired
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Additional Information
Print number: 118_HR_5120
Sponsor: Rep. Porter, Katie [D-CA-47]
Process start date: 2023-08-01
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Prohibit Pentagon Profiteering Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5120.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-08-01.

What are the main provisions?

Key points include:

  • Extends the stock ownership ban to companies that received over one billion dollars from the Department of Defense in the preceding year.
  • Previously, the ban only applied to the top 10 companies by contract value; now it will cover more entities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Porter, Katie [D-CA-47].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Armed Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Security Courts and Law Economy