Honesty and Trust in Service Act

This bill would require the Secretary of Defense to issue rules within 180 days that bar members of the Army, Navy, Air Force, Marine Corps, and Space Force, and civilian Defense Department employees, from making trades on prediction markets in certain cases. The ban would apply when the person has important nonpublic information related to the trade, or could reasonably get such information through their official duties. The rules would have to set a range of punishments for violations. The bill defines nonpublic information as information that a reasonable investor would consider important and that is not publicly available.

Full text and official record on Congress.gov

Sponsors

• Eugene Simon Vindman Democrat sponsor
• 0 cosponsors