I 
119TH CONGRESS 
1ST SESSION H. R. 3849 
To prohibit certain individuals from engaging in prohibited financial 
transactions, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 9, 2025 
Mr. NEGUSE introduced the following bill; which was referred to the Com-
mittee on Financial Services, and in addition to the Committees on Over-
sight and Government Reform, and House Administration, for a period 
to be subsequently determined by the Speaker, in each case for consider-
ation of such provisions as fall within the jurisdiction of the committee 
concerned 
A BILL 
To prohibit certain individuals from engaging in prohibited 
financial transactions, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Stop Trading Assets 
Benefitting Lawmakers’ Earnings while Governing Exotic 
and Novel Investments in the United States Act’’ or the 
‘‘STABLE GENIUS Act’’. 
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SEC. 2. PROHIBITED FINANCIAL TRANSACTIONS. 
(a) DEFINITIONS.—In this section: 
(1) COVERED ELECTION.—The term ‘‘covered 
election’’ means an election for the office of— 
(A) President; 
(B) Vice President; 
(C) United States Senator; 
(D) United States Representative; 
(E) Delegate to Congress; or 
(F) Resident Commissioner of Puerto Rico. 
(2) COVERED INDIVIDUAL.—The term ‘‘covered 
individual’’ means— 
(A) the President; 
(B) the Vice President; 
(C) a United States Senator; 
(D) a United States Representative; 
(E) a Delegate to Congress; 
(F) a Resident Commissioner of Puerto 
Rico; or 
(G) a candidate in a covered election. 
(3) COVERED
INVESTMENT.—The term ‘‘cov-
ered investment’’ means any digital asset. 
(4) DIGITAL ASSET.—The term ‘‘digital asset’’ 
means any digital representation of value that is re-
corded on a cryptographically secured distributed 
ledger or any similar technology. 
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(5) PROHIBITED FINANCIAL TRANSACTION.— 
(A) IN GENERAL.—The term ‘‘prohibited 
financial transaction’’ means— 
(i) any issuance, sponsorship, or en-
dorsement of a covered investment; 
(ii) any purchase, sale, holding, or 
other conduct that causes a covered indi-
vidual to obtain a covered investment; 
(iii) any acquisition of any financial 
interest comparable to an interest de-
scribed in clause (i) or (ii) through syn-
thetic means, such as the use of a deriva-
tive, including an option, warrant, or other 
similar means; or 
(iv) any acquisition of any financial 
interest comparable to an interest de-
scribed in clause (i) or (ii) as part of an 
aggregation or compilation of such inter-
ests through a mutual fund, exchange- 
traded fund, or other similar means. 
(6) QUALIFIED
BLIND
TRUST.—The term 
‘‘qualified blind trust’’ means a qualified blind trust 
(as defined in section 13104(f)(3) of title 5, United 
States Code) that has been approved in writing by 
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the applicable supervising ethics office under sub-
paragraph (D) of such section 13104(f)(3). 
(b) PROHIBITED FINANCIAL TRANSACTIONS.—Ex-
cept as provided in subsection (c), a covered individual 
may not engage in any prohibited financial transaction 
during— 
(1) the period beginning on the date of filing as 
a candidate in a covered Federal election and ending 
on the date of the covered Federal election; 
(2) the term of service of the covered individual; 
and 
(3) the 1-year period beginning on the date on 
which the service of the covered individual is termi-
nated. 
(c) QUALIFIED BLIND TRUST.— 
(1) IN GENERAL.—During any of the periods 
described in subsection (b), for each covered invest-
ment owned by a covered individual, the covered in-
dividual shall place the covered investment in a 
qualified blind trust, including by establishing a 
qualified blind trust for that purpose, if necessary. 
(2) 
QUALIFIED
BLIND
TRUST
REQUIRE-
MENTS.—A qualified blind trust may not be estab-
lished for purposes of complying with this section 
without the prior approval of the applicable super-
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vising ethics office. With respect to any such trust 
so approved, the applicable trustee— 
(A) shall divest of any such instrument 
placed in the trust not later than 6 months 
after the trust is established; 
(B) shall certify to the applicable super-
vising ethics office on an annual basis that the 
trustee has not provided any information on the 
trust’s assets or transactions to the applicable 
covered individual; and 
(C) may not have a close personal or busi-
ness relationship with the applicable covered in-
dividual. 
(d) REPORTING REQUIREMENTS.— 
(1) SUPERVISING ETHICS OFFICES.—Each su-
pervising ethics office shall make available on the 
public website of the supervising ethics office a copy 
of any qualified blind trust agreement of each cov-
ered individual. 
(2) AMENDMENT.—Section 13101(18) of title 
5, United States Code, is amended— 
(A) in subparagraph (C), by striking 
‘‘and’’ at the end; 
(B) in subparagraph (D), by striking the 
period and inserting ‘‘; and’’; and 
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(C) by adding at the end the following: 
‘‘(E) the Federal Election Commission for 
a candidate in an election for the office of 
President, Vice President, United States Sen-
ator, United States Representative, Delegate to 
Congress, or Resident Commissioner of Puerto 
Rico.’’. 
(e) LIABILITY AND IMMUNITY.—For purposes of any 
immunities to civil or criminal liability, any conduct com-
prising or relating to a prohibited financial transaction 
under this section shall be deemed an unofficial act and 
beyond the scope of the official duties of the relevant cov-
ered individual. 
(f) CIVIL PENALTIES.— 
(1) CIVIL ACTION.—The Attorney General may 
bring a civil action in any appropriate district court 
of the United States against any covered individual 
who violates subsection (b). 
(2) CIVIL
PENALTY.—Any covered individual 
who knowingly violates subsection (b) shall be sub-
ject to a civil monetary penalty of not more than 
$250,000. 
(3) DISGORGEMENT.—A covered individual who 
is found in a civil action under paragraph (1) to 
have violated subsection (b) shall disgorge to the 
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