summary
Introduced
02/27/2025
02/27/2025
In Committee
03/28/2025
03/28/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To prohibit certain defense industry stock trading and ownership by Members of Congress and spouses of Members of Congress, and for other purposes.
AI Summary
This bill, called the "Stop Politicians Profiting from War Act of 2025," aims to prohibit Members of Congress, their spouses, and dependent children from owning or trading stocks, bonds, commodities, or other securities related to defense contractors. The legislation specifically targets financial interests in companies that have contracts with the Department of Defense, requiring current and future Members of Congress to divest these assets within 120 days of the bill's enactment (or 180 days for complex investment vehicles like hedge funds). Members can still own diversified investment funds, government bonds, retirement plan investments, and certain other financial instruments that do not specifically focus on the defense industry. The bill allows for civil penalties of up to $50,000 for each violation, which can be pursued by the Attorney General or Special Counsel. Additionally, the legislation provides tax provisions to help members divest their assets without incurring capital gains taxes and requires the Senate and House Ethics Committees to issue guidance on interpreting the bill's terms. The goal is to prevent potential conflicts of interest and ensure that Members of Congress are not financially benefiting from defense industry contracts while making legislative decisions.
Committee Categories
Business and Industry
Sponsors (15)
Rashida Tlaib (D)*,
Greg Casar (D),
Chuy García (D),
Val Hoyle (D),
Ro Khanna (D),
Summer Lee (D),
Jim McGovern (D),
Eleanor Holmes Norton (D),
Alexandria Ocasio-Cortez (D),
Ilhan Omar (D),
Mark Pocan (D),
Ayanna Pressley (D),
Delia Ramirez (D),
Mark Takano (D),
Paul Tonko (D),
Last Action
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development. (on 03/28/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/1756/all-info |
| BillText | https://www.congress.gov/119/bills/hr1756/BILLS-119hr1756ih.pdf |
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