Kristen McDonald Rivet (D-MI)
No Profiting from Public Service Act
A Democratic bill with 2 Democratic cosponsors · See all 3 cosponsors
Last activity — Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, 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.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill is titled the No Profiting from Public Service Act. It places strict ownership and trading limits on certain federal officials, including the President, Vice President, Members of Congress, judicial officers, and their spouses and dependent children. These officials must either sell off restricted investments or put them into a qualified blind trust within ninety days. The legislation also bans officials and covered individuals from trading specific prediction market contracts tied to political or governmental events. If someone breaks these rules, they face financial penalties and must give up any profits made from the illegal trade. Finally, ethics offices are required to publicly report any fines assessed under this law.
Yes
- Scored +7
Does this make what the government does easier for the public to see?
The bill requires supervising ethics offices to publicly publish details and reasons regarding all assessed fines.
- Scored +6
Does this make elections run better?
Banning political prediction market trading and stock ownership by federal officials enhances integrity in government.
- Scored +2
Does this give the federal government more power?
The bill expands federal ethics oversight requirements over financial holdings for federal officials.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increases accountability for elected and appointed leaders: Section 13152 bans high-ranking government officials and their families from trading or owning certain individual stocks and financial interests, which helps ensure that officials are working for the public good instead of their own bank accounts.
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Stops political insider betting: Section 13152 makes it illegal for covered officials and covered individuals to trade prediction market contracts that depend on political or governmental outcomes, preventing people in power from gambling on elections or policy decisions.
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Protects taxpayers from footing the bill for lawbreakers: Section 13153 explicitly states that officials cannot use official office expense accounts or campaign contributions to pay for the fines they receive for breaking these trading rules.
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Keeps the public informed: Section 13153 requires supervising ethics offices to publish details about every fine assessed, the reasons for the fine, and the final results on a public website.
Potential Negative Impacts for People
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Presents personal burdens for spouses regarding normal employment: Section 13152 allows a spouse or dependent child to trade a covered investment only if the trade is performed as part of their primary occupation, which could create complications or rigid limitations for family members pursuing normal business or career opportunities.
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Limits certain tax deductions for violators: Section 13153 states that if an official or covered individual violates the law and loses money on a restricted investment or prediction market contract, they are barred from deducting those losses from their income taxes.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill requires supervising ethics offices to publicly publish details and reasons regarding all assessed fines. Does this make elections run better? — Banning political prediction market trading and stock ownership by federal officials enhances integrity in government. Does this give the federal government more power? — The bill expands federal ethics oversight requirements over financial holdings for federal officials.
- 6/30/2026
- Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, 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.
- 3 Cosponsors added.
- Introduced in House
Kevin KileyIndependent · California
Greg LandsmanDemocrat · Ohio
Eugene VindmanDemocrat · Virginia