I 
119TH CONGRESS 
1ST SESSION H. R. 1756 
To prohibit certain defense industry stock trading and ownership by Members 
of Congress and spouses of Members of Congress, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 27, 2025 
Ms. TLAIB (for herself, Ms. NORTON, Ms. LEE of Pennsylvania, Mr. MCGOV-
ERN, Ms. OCASIO-CORTEZ, Ms. OMAR, Ms. PRESSLEY, Mrs. RAMIREZ, 
Mr. TAKANO, and Mr. TONKO) introduced the following bill; which was 
referred to the Committee on Financial Services, and in addition to the 
Committees on House Administration, Ways and Means, and Agriculture, 
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 
A BILL 
To prohibit certain defense industry stock trading and owner-
ship by Members of Congress and spouses of Members 
of Congress, 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 Politicians Prof-
iting from War Act of 2025’’. 
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SEC. 2. BAN ON CERTAIN DEFENSE INDUSTRY STOCK TRAD-
ING AND OWNERSHIP BY MEMBERS OF CON-
GRESS, SPOUSES, AND DEPENDENT CHIL-
DREN. 
(a) DEFINITIONS.—In this Act: 
(1) COMMODITY.—The term ‘‘commodity’’ has 
the meaning given that term in section 1a of the 
Commodity Exchange Act (7 U.S.C. 1a). 
(2) COVERED
DEFENSE
CONTRACTOR.—The 
term ‘‘covered defense contractor’’ means a person, 
other than an institution of higher education (as de-
fined under section 101 of the Higher Education Act 
of 1965 (20 U.S.C. 1001)) or a non-profit medical 
treatment facility, that has entered into a contract, 
transaction, or other agreement with the Depart-
ment of Defense. 
(3) DIVERSIFIED.—The term ‘‘diversified’’, 
with respect to a fund, trust, or plan, means that 
the fund, trust, or plan does not have a stated policy 
of concentrating its investments in any industry, 
business, single country other than the United 
States, or bonds of a single State. 
(4) MEMBER OF CONGRESS.—The term ‘‘Mem-
ber of Congress’’ has the meaning given that term 
in section 13101 of title 5, United States Code. 
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(5) SECURITY.—The term ‘‘security’’ has the 
meaning given that term in section 3(a) of Securities 
Exchange Act of 1934 (15 U.S.C. 78c(a)). 
(6) WIDELY
HELD
INVESTMENT
FUND.—The 
term ‘‘widely held investment fund’’ means a widely 
held investment fund described in 13104(f)(8) of 
title 5, United States Code. 
(b) DIVESTMENT OF ASSETS.— 
(1) IN GENERAL.—Except as provided in sub-
section (c), no Member of Congress, spouse of a 
Member of Congress, or dependent child of a Mem-
ber of Congress may have a financial interest in a 
covered defense contractor, or may own an interest 
in or trade (except as a divestment) any stock, bond, 
commodity, future, or any other security the value of 
which is significantly based upon a covered defense 
contractor or an entity in the defense industrial 
base, including an interest in a hedge fund, a deriva-
tive, option, or other complex investment vehicle. 
(2) IMPLEMENTATION.— 
(A) CURRENT MEMBERS.— 
(i) IN GENERAL.—Except as provided 
in clause (ii), an individual who is a Mem-
ber of Congress on the date of the enact-
ment of this Act, or the spouse or depend-
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ent child of such an individual, shall com-
plete the divestment of any asset described 
in paragraph (1) by not later than 120 
days after the date of enactment of this 
Act. 
(ii) CERTAIN ASSETS.—For an asset 
described in paragraph (1) that is an inter-
est in a hedge fund, venture capital fund, 
or other privately held complex investment 
vehicle, an individual who is a Member of 
Congress on the date of enactment of this 
Act, or the spouse or dependent child of 
such an individual, shall complete the di-
vestment of the asset by not later than 180 
days after the date of enactment of this 
Act. 
(iii) 
APPLICATION.—This 
subpara-
graph shall apply to a covered defense con-
tractor that is performing or has per-
formed a contract for the Department of 
Defense during the 5-year period preceding 
the date of the enactment of this Act. 
(B) NEW MEMBERS.— 
(i) IN GENERAL.—Except as provided 
in clause (ii), an individual who becomes a 
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Member of Congress after the date of en-
actment of this Act, or who is the spouse 
of such an individual, shall complete the 
divestment of any asset described in para-
graph (1) by not later than 120 days after 
the date on which the individual becomes a 
Member of Congress. 
(ii) CERTAIN ASSETS.—For an asset 
described in paragraph (1) that is an inter-
est in a hedge fund, venture capital fund, 
or other privately held complex investment 
vehicle, an individual who becomes a Mem-
ber of Congress after the date of enact-
ment of this Act, or who is the spouse or 
dependent child of such an individual, shall 
complete the divestment of the asset by not 
later than 180 days after the date on 
which the individual becomes a Member of 
Congress. 
(iii) 
APPLICATION.—This 
subpara-
graph shall apply to a covered defense con-
tractor that is performing or has per-
formed a contract for the Department of 
Defense during the 5-year period preceding 
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the date on which the individual becomes a 
Member of Congress. 
(C) DIVESTMENT
OF
ASSETS
RECEIVED 
WHILE A MEMBER.—An individual serving as a 
Member of Congress, or the spouse or depend-
ent child of such an individual, who receives 
any asset described in paragraph (1) during the 
period of such service, such as from an inherit-
ance, shall complete the divestment of the asset 
by not later than 120 days after the date on 
which the individual or spouse receives the 
asset. 
(D) QUALIFIED
BLIND
TRUST
PROHIB-
ITED.—Placing an asset described in paragraph 
(1) in a qualified blind trust (as that term is 
defined in section 13104(f)(3) of title 5, United 
States Code), or any other blind trust, shall not 
qualify as a divestment under such paragraph 
for purposes of compliance with the require-
ments of this Act. 
(c) EXCEPTIONS.—Nothing in this section shall be 
construed to prevent— 
(1) a Member of Congress or their spouse or 
dependent child from owning or trading— 
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(A) a widely held investment fund, if the 
widely held investment fund— 
(i) does not present a conflict of inter-
est; 
(ii) is diversified; and 
(iii) in the literature it distributes to 
prospective and current investors or par-
ticipants, does not indicate the objective or 
practice of concentrating its investments in 
covered defense contractors or entities in 
the defense industrial base, if the Member 
of Congress, or the spouse or dependent 
child of such an individual, neither exer-
cises control nor has the ability to exercise 
control over the financial interests held in 
the fund; 
(B) shares of Settlement Common Stock 
issued under section 7(g)(1)(A) of the Alaska 
Native Claims Settlement Act (43 U.S.C. 
1606(g)(1)(A)); 
(C) shares of Settlement Common Stock, 
as defined in section 3 of the Alaska Native 
Claims Settlement Act (43 U.S.C. 1602); 
(D) a United States Treasury bill, note, or 
bond; 
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(E) an investment fund held in a Federal, 
State, or local government employee retirement 
plan; or 
(F) an interest in an investment fund reg-
istered as an investment company under section 
3 of the Investment Company Act of 1940 (15 
U.S.C. 80a–3) that is diversified; and 
(2) a spouse or dependent child of a Member of 
Congress from trading any asset described in sub-
section (b)(1) that is not owned by the spouse, child, 
or Member of Congress in the course of performing 
the primary occupation of the spouse or child. 
(d) CIVIL FINES.—The Attorney General or the Spe-
cial Counsel may bring a civil action in the appropriate 
United States district court against any Member of Con-
gress or their spouse or dependent child who engages in 
conduct constituting a violation of this section and, upon 
proof of such conduct by a preponderance of the evidence, 
such Member of Congress, spouse, or child (as the case 
may be) shall be subject to a civil penalty of not more 
than $50,000 for each violation. The imposition of a civil 
penalty under this subsection does not preclude any other 
criminal or civil statutory, common law, or administrative 
remedy, which is available by law to the United States or 
any other person. 
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(e) NONRECOGNITION OF GAIN.— 
(1) IN
GENERAL.—Paragraph (1) of section 
1043(b) of the Internal Revenue Code of 1986 is 
amended— 
(A) by striking ‘‘and’’ at the end of sub-
paragraph (A); 
(B) by redesignating subparagraph (B) as 
subparagraph (C); 
(C) by inserting after subparagraph (A) 
the following new subparagraph: 
‘‘(B) any Member of Congress or Member 
of Congress-elect, but only with respect to a di-
vestment of property required by the Stop Poli-
ticians Profiting from War Act of 2025, and’’; 
and 
(D) by striking ‘‘subparagraph (A)’’ in 
subparagraph (C), as so redesignated, and in-
serting ‘‘subparagraph (A) or (B), whichever is 
applicable’’. 
(2) CERTIFICATE OF DIVESTITURE.—Subpara-
graph (B) of section 1043(b)(2) of such Code is 
amended— 
(A) by striking ‘‘or by’’ and inserting 
‘‘by’’; and 
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(B) by inserting ‘‘, or by the applicable 
congressional ethics committee (as that term is 
defined in section 13101 of title 5), in the case 
of Members of Congress, Members of Congress- 
elect, and spouses of Members of Congress and 
Members of Congress-elect’’ after ‘‘judicial offi-
cers’’. 
(3) EFFECTIVE DATE.—The amendments made 
by this subsection shall apply to sales of property 
after the date of the enactment of this Act. 
(f) INTERPRETIVE GUIDANCE.—The Select Com-
mittee on Ethics of the Senate and the Committee on Eth-
ics of the House of Representatives shall issue interpretive 
guidance regarding relevant terms not defined in this Act. 
Æ 
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