Honesty and Trust in Service Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9082 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9082

  To prohibit the use of prediction markets by Department of Defense 
                   personnel, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                              May 29, 2026

 Mr. Vindman introduced the following bill; which was referred to the 
                      Committee on Armed Services

_______________________________________________________________________

                                 A BILL

 
  To prohibit the use of prediction markets by Department of Defense 
                   personnel, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Honesty and Trust in Service Act''.

SEC. 2. PROHIBITION ON USE OF PREDICTION MARKETS BY PERSONNEL OF THE 
              DEPARTMENT OF DEFENSE.

    (a) Regulations Required.--Not later than 180 days after the date 
of the enactment of this Act, the Secretary of Defense, in consultation 
with the Secretaries of the military departments, shall issue 
regulations prohibiting members of the covered Armed Forces and 
civilian employees of the Department of Defense from entering into 
transactions on prediction markets in cases in which the member or 
employee--
            (1) at the time of the transaction, possesses material 
        nonpublic information relevant to such transaction; or
            (2) may reasonably obtain such material nonpublic 
        information in the course of performing official duties, 
        including when such information would not otherwise be 
        available to a member of the public exercising reasonable 
        diligence.
    (b) Enforcement.--The regulations under subsection (a) shall 
specify a range of punishments for the use of prediction markets in 
violation of the regulations.
    (c) Definitions.--In this section:
            (1) The term ``covered Armed Forces'' means the Army, Navy, 
        Air Force, Marine Corps, and Space Force.
            (2) The term ``material nonpublic information'' means 
        information--
                    (A) that a reasonable investor would consider 
                important in making an investment decision; and
                    (B) that is not publicly available.
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