Bill > HR9082

This bill, titled the "Honesty and Trust in Service Act," mandates that the Secretary of Defense, within 180 days of enactment, establish regulations to prevent members of the Army, Navy, Air Force, Marine Corps, and Space Force, as well as civilian employees of the Department of Defense, from participating in prediction markets when they possess or could reasonably obtain "material nonpublic information." Material nonpublic information is defined as information that a reasonable investor would find important for making an investment decision and that is not yet available to the public. The bill also requires these regulations to outline penalties for violations, aiming to ensure ethical conduct and prevent the misuse of sensitive information within the Department of Defense.