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Ban on Defense Stock Trading for Members of Congress and Their Families.

This bill aims to boost public trust by prohibiting Members of Congress, their spouses, and dependent children from owning or trading stocks and securities in defense contractors. It ensures that decisions regarding military spending and conflicts are not influenced by politicians' personal financial gains. Current officials must divest these assets within 120 to 180 days.
Key points
Prohibits ownership and trading of assets tied to companies holding contracts with the Department of Defense (DoD).
Current and new Members of Congress and their families must sell off prohibited assets within 120 or 180 days.
Violations can result in a civil penalty of up to $50,000 per offense.
Diversified investment funds (like mutual funds) that do not focus on the defense industry are exempt from the ban.
article Official text account_balance Process page
Expired
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No votes cast
Additional Information
Print number: 118_HR_7264
Sponsor: Rep. Tlaib, Rashida [D-MI-12]
Process start date: 2024-02-06
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stop Politicians Profiting from War Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7264.

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 2024-02-06.

What are the main provisions?

Key points include:

  • Prohibits ownership and trading of assets tied to companies holding contracts with the Department of Defense (DoD).
  • Current and new Members of Congress and their families must sell off prohibited assets within 120 or 180 days.
  • Violations can result in a civil penalty of up to $50,000 per offense.
  • Diversified investment funds (like mutual funds) that do not focus on the defense industry are exempt from the ban.
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. Tlaib, Rashida [D-MI-12].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Economy Courts and Law Security