Sell Your Stocks or Step Down Act
The source supplies the latest action, but no lifecycle stage.
Latest action (31 Aug 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.
What this bill does
H.R. 10199, the "Sell Your Stocks or Step Down Act," would amend federal law to bar the President, Vice President, Members of Congress, senior executive branch officials, federal judges, and their spouses and dependent children from owning or trading stocks, digital assets, futures, commodities, and prediction market ("event") contracts while in office. Exceptions apply to certain diversified public funds, Treasury and municipal bonds, small-business interests, personal-residence real estate holdings, spousal/dependent compensation from employment, and Alaska Native Settlement Common Stock. Covered individuals would generally have 30 days from enactment (or from becoming covered) to divest existing holdings, without the tax deferral normally available under Section 1043 of the tax code.
The bill affects top government officials across all three branches and their immediate family members, requiring them to sell prohibited investments or forgo new purchases. Violations carry financial penalties: a daily fee for failing to divest (capped at 50% of portfolio value) and, for prohibited trades, a fee equal to the trade's value plus $10,000, along with disgorgement of profits. Officials cannot use government funds, congressional office accounts, or campaign contributions to pay these penalties. Ethics offices would be authorized to investigate, subpoena records, and refer cases for civil enforcement, with collected penalties directed to deficit reduction and violations publicly disclosed.
The bill was introduced August 31, 2026, by Rep. Eugene Vindman and referred to the House Committees on Oversight and Government Reform, House Administration, Judiciary, and Ways and Means. It has not yet been considered by any committee, and no further action has occurred.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
31 Aug 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.
Common questions
- What does H.R. 10199 do?
- H.R. 10199, the "Sell Your Stocks or Step Down Act," would amend federal law to bar the President, Vice President, Members of Congress, senior executive branch officials, federal judges, and their spouses and dependent children from owning or trading stocks, digital assets, futures, commodities, and prediction market ("event") contracts while in office. Exceptions apply to certain diversified public funds, Treasury and municipal bonds, small-business interests, personal-residence real estate holdings, spousal/dependent compensation from employment, and Alaska Native Settlement Common Stock. Covered individuals would generally have 30 days from enactment (or from becoming covered) to divest existing holdings, without the tax deferral normally available under Section 1043 of the tax code. The bill affects top government officials across all three branches and their immediate family members, requiring them to sell prohibited investments or forgo new purchases. Violations carry financial penalties: a daily fee for failing to divest (capped at 50% of portfolio value) and, for prohibited trades, a fee equal to the trade's value plus $10,000, along with disgorgement of profits. Officials cannot use government funds, congressional office accounts, or campaign contributions to pay these penalties. Ethics offices would be authorized to investigate, subpoena records, and refer cases for civil enforcement, with collected penalties directed to deficit reduction and violations publicly disclosed. The bill was introduced August 31, 2026, by Rep. Eugene Vindman and referred to the House Committees on Oversight and Government Reform, House Administration, Judiciary, and Ways and Means. It has not yet been considered by any committee, and no further action has occurred.
- Has H.R. 10199 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10199. Check the latest action and official source below.
- Who sponsored H.R. 10199?
- H.R. 10199 was sponsored by Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), with 0 cosponsors.
- What's the latest action on H.R. 10199?
- 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. (31 Aug 2026).
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