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Sell Your Stocks or Step Down Act

USA119th CongressHR-10199| House 
| Updated: 8/31/2026
Eugene Simon Vindman

Eugene Simon Vindman

Democratic Representative

Virginia

Committee on House Administration, Ways and Means Committee, Judiciary Committee, Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill establishes new restrictions on investment activities for a broad range of federal officials and their immediate families, aiming to prevent conflicts of interest. It prohibits the President, Vice President, Members of Congress, senior executive branch officials, senior judicial officials, and their spouses and dependent children from owning or trading certain investments. The restrictions apply to a wide array of financial instruments, including stocks , digital assets , commodities, futures, and prediction market contracts. Under the bill, covered individuals are barred from purchasing new prohibited investments and must divest any existing ones within 30 days of the bill's enactment or their assumption of office. However, certain assets are exempt, such as widely held diversified investment funds, U.S. Treasury bonds, and interests in small businesses. An exception allows a spouse or dependent child to trade covered investments if it is part of their primary occupation and not owned by the covered official. Failure to divest existing prohibited investments by the deadline results in a daily fee of 10% of the non-compliant portfolio's value, capped at 50% of the fair market value. Any prohibited purchase or trade incurs a fee equal to the investment's value plus $10,000, along with the disgorgement of profits. These penalties are deposited into the Treasury for deficit reduction and cannot be paid using appropriated funds or campaign contributions. Supervising ethics offices are empowered to investigate, assess, and collect these penalties, including through administrative subpoenas and referrals to the Attorney General.
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Timeline
Aug 31, 2026
Introduced in House
Aug 31, 2026
Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • August 31, 2026
    Introduced in House


  • August 31, 2026
    Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sell Your Stocks or Step Down Act

USA119th CongressHR-10199| House 
| Updated: 8/31/2026
This bill establishes new restrictions on investment activities for a broad range of federal officials and their immediate families, aiming to prevent conflicts of interest. It prohibits the President, Vice President, Members of Congress, senior executive branch officials, senior judicial officials, and their spouses and dependent children from owning or trading certain investments. The restrictions apply to a wide array of financial instruments, including stocks , digital assets , commodities, futures, and prediction market contracts. Under the bill, covered individuals are barred from purchasing new prohibited investments and must divest any existing ones within 30 days of the bill's enactment or their assumption of office. However, certain assets are exempt, such as widely held diversified investment funds, U.S. Treasury bonds, and interests in small businesses. An exception allows a spouse or dependent child to trade covered investments if it is part of their primary occupation and not owned by the covered official. Failure to divest existing prohibited investments by the deadline results in a daily fee of 10% of the non-compliant portfolio's value, capped at 50% of the fair market value. Any prohibited purchase or trade incurs a fee equal to the investment's value plus $10,000, along with the disgorgement of profits. These penalties are deposited into the Treasury for deficit reduction and cannot be paid using appropriated funds or campaign contributions. Supervising ethics offices are empowered to investigate, assess, and collect these penalties, including through administrative subpoenas and referrals to the Attorney General.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Aug 31, 2026
Introduced in House
Aug 31, 2026
Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • August 31, 2026
    Introduced in House


  • August 31, 2026
    Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Eugene Simon Vindman

Eugene Simon Vindman

Democratic Representative

Virginia

Committee on House Administration, Ways and Means Committee, Judiciary Committee, Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted