What does Preamble of Stop Lawmakers From Predicting Act do?

This bill aims to amend chapter 131 of title 5, United States Code The amendment restricts Members of Congress and their spouses and dependents from profiting off prediction markets

What does SHORT TITLE. of Stop Lawmakers From Predicting Act do?

This bill is formally titled the Stop Lawmakers From Predicting Act

What does RESTRICTIONS ON TRADING ON PREDICTION MARKETS. of Stop Lawmakers From Predicting Act do?

This section amends Chapter 131 of Title 5, United States Code, by adding a new subchapter regarding restrictions on trading in prediction markets. The new subchapter defines 'covered individual' as a Member of Congress, their spouse, or dependent child. It prohibits covered individuals from entering into agreements dependent on government policies, actions, or political outcomes related to their congressional service. Supervising ethics offices are tasked with issuing interpretive guidance on terms within the subchapter. Violations of the restrictions result in a fee, calculated based on either $2,000 or 10% of the transaction value, whichever is greater, plus any net gain realized. Covered individuals are restricted from paying penalties using certain funds, including the Members' Representational Allowance and Senators' Official Personnel and Office Expense Account. Fees collected are deposited into the general fund of the Treasury. The supervising ethics office can refer former Members of Congress to the Department of Justice if they fail to pay fees before resigning or retiring.

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Stop Lawmakers From Predicting Act

Last updated: 6/24/2026 · Introduced: 6/18/2026

Author: Bryan Steil (R-WI)

TL;DR (AI)

This bill prohibits Members of Congress, their spouses, and dependents from trading in prediction markets related to government policies or political outcomes connected to their congressional duties.
Violations of these restrictions will result in financial penalties, calculated as either $2,000 or 10% of the transaction value, plus any net gain.
Collected penalties will be deposited into the U.S. Treasury, and non-payment by former Members of Congress may lead to referral to the Department of Justice.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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