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US HB4036

Bill

Status

Introduced

6/17/2025

Primary Sponsor

Thomas Kean

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • Prohibits Members of Congress, their spouses, and dependents from engaging in short sales of securities, security futures, commodities, or synthetic derivatives issued by companies listed on national stock exchanges

  • Requires Members of Congress to submit a compliance pledge to their supervising ethics office and produce documentation upon request to demonstrate adherence to the prohibition

  • Denies tax deductions for any losses resulting from short sales conducted in violation of the law

  • Authorizes the Attorney General to bring civil actions against willful violators, with penalties up to $50,000 per violation

  • Prohibits violators from paying penalties using congressional office allowances or political committee funds, and requires public posting of compliance certificates on ethics office websites

Legislative Description

No Shorting America Act

Congress

Last Action

Referred to the House Committee on House Administration.

6/17/2025

Committee Referrals

Administration6/17/2025

Full Bill Text

No bill text available