Why It Matters
The Congressional Research Service (CRS) Report examines legislative proposals in the 119th Congress aimed at limiting or prohibiting Members of Congress from owning, buying, or selling certain financial instruments.
The Big Picture
Proposed legislation in the 119th Congress would require divestment of prohibited assets within a set timeline after enactment. Other bills would allow or require placement of assets into qualified blind trusts.
Proposed legislation in the 119th Congress would create or amend penalties for failure to comply with divestment or disclosure requirements.
Coverage of proposed legislation in the 119th Congress varies by bill, some apply only to Members of Congress, while others extend to spouses, dependent children, and/or other covered congressional employees.
The CRS report includes Table A-1 in its appendix cataloguing every introduced measure with details on bill number, title, covered individuals, proposed action, timeline, penalties, covered assets, and exempted assets.
In the 119th Congress, the Senate agreed to a resolution to prohibit Senators, Senate officers, and Senate employees from engaging in prediction market trading. On March 18, 2026, S. 4134 was introduced as a companion measure to H.R. 7008.
The Ethics in Government Act (EIGA) was enacted to preserve and promote the integrity of public officials and institutions.
Political Stakes
In the 119th Congress, the Senate agreed to a resolution to prohibit Senators, Senate officers, and Senate employees from engaging in prediction market trading.
The Bottom Line
The Senate agreed to a resolution to prohibit Senators, Senate officers, and Senate employees from engaging in prediction market trading, and S. 4134 was introduced as a companion measure to H.R. 7008.
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