Stop Lawmakers From Predicting Act

This bill would bar Members of Congress, their spouses, and their dependent children from making bets or contracts whose payout depends on a government policy, a government action, a political outcome, or any other event they learned about through the Member's service in Congress. A violation would result in a fee paid by the Member equal to the greater of $2,000 or 10 percent of the contract's value, plus any net gain from the contract. The fee could not be paid with office allowances or campaign contributions, and collected fees would go to the U.S. Treasury. Congressional ethics offices would issue guidance and could refer former Members who leave without paying to the Department of Justice. The rules would take effect 180 days after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Bryan Steil Republican sponsor
• 8 cosponsors