Bill > HR7264

This bill, the "Stop Politicians Profiting from War Act of 2024," aims to prohibit certain members of Congress, their spouses, and dependent children from trading or owning stocks, bonds, commodities, or other securities of defense contractors that have contracts with the Department of Defense. The bill defines key terms like "covered defense contractor" and "widely held investment fund," and provides exceptions for certain assets like Treasury bills, investment funds, and shares of Settlement Common Stock. The bill also imposes civil fines for violations and includes provisions related to the non-recognition of capital gains from required divestitures. Additionally, the relevant congressional ethics committees are tasked with issuing interpretive guidance on terms not defined in the bill.