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US HB4036
Bill
Status
6/17/2025
Primary Sponsor
Thomas Kean
Click for details
AI Summary
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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
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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
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Denies tax deductions for any losses resulting from short sales conducted in violation of the law
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Authorizes the Attorney General to bring civil actions against willful violators, with penalties up to $50,000 per violation
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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