H.R. 9367

[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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