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HR 7264 118th Congress House Congress

Stop Politicians Profiting from War Act of 2024

Introduced: February 6, 2024 Introduced by: Tlaib, Rashida Democratic · Michigan See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 29, 2024
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Feb 15, 2024
Sponsor introductory remarks on measure. (CR H644)
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
Introduced in House
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 Plain-English summary Congressional Research Service

Stop Politicians Profiting from War Act of 2024

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 diversified and do not present a conflict of interest and investments held in government employee retirement plans.

A Member or spouse who violates the bill may be subject to a fine of up to $50,000 for each violation. The bill permits a Member, spouse, or dependent child who is required to divest property under the bill to avoid recognizing gain for income tax purposes from the sale of that property to the extent that the Member or spouse purchases permitted bonds or diversified investment funds within 60 days of the divestiture.

What's happening now August 29, 2024

Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

 Related & companion bills 1
  • HR 1679 Related bill Bipartisan Ban on Congressional Stock Ownership Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
 Cosponsors 2
All 2 Democratic 1
D
Lee, Summer L.
Pennsylvania · Feb 26, 2024
Bush, Cori
· Feb 6, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7264: Stop Politicians Profiting from War Act of 2024. 118th Congress. Open America. https://openamerica.io/bill/118-HR-7264/
MLA
"H.R. 7264: Stop Politicians Profiting from War Act of 2024." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-7264/.
Bluebook (legal)
H.R. 7264, 118th Cong. (2026), https://openamerica.io/bill/118-HR-7264/.
Markdown link
[H.R. 7264: Stop Politicians Profiting from War Act of 2024](https://openamerica.io/bill/118-HR-7264/)
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