118th Congress · HOUSE BILLBILL

H.R. 7264Stop Politicians Profiting from War Act of 2024

To prohibit certain defense industry stock trading and ownership by Members of Congress and spouses of Members of Congress, and for other purposes.

Congress
Introduced Feb 6, 2024
Last action Aug 29, 2024
Pipeline · Bill → Law
Step 1
Introduced
Feb 6, 2024
Step 2
Referred
Aug 29, 2024
Agriculture · Financial Services · House Admin +1
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill prohibits Members of Congress, their spouses, and their dependent children from owning or trading stocks, bonds, commodities, futures, or any other form of security from a defense contractor or which are significantly based upon defense contractors. Each current Member must divest within 120 days after the bill is enacted and each new Member must divest within 120 days after becoming a Member. However, Members and their spouses have 180 days to divest from specified complex investment vehicles. Placing assets into qualified blind trusts does not qualify as divestment. The bill does not apply to certain investments, such as investments in widely held investment funds that are dive...

Provisions · 2 sectionsIntroduced in House
Timeline · 7 actions
Aug 29, 2024
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Feb 15, 2024
Sponsor introductory remarks on measure.
Feb 6, 2024
Introduced in House
Feb 6, 2024
Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, Agriculture, 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.
Feb 6, 2024
Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, Agriculture, 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.
Feb 6, 2024
Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, Agriculture, 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.
Feb 6, 2024
Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, Agriculture, 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.