Honesty and Trust in Service Act
- Bill Number
- H.R. 9082
- Origin Chamber
- House
- Congress
- 119th Congress, Session 2
- Policy Area
- Armed Forces and National Security
- Status
- Introduced
- Latest Action
- 2026-05-29: Referred to the House Committee on Armed Services.
- Last Updated
- 2026-06-23T17:48:39Z
AI-Generated Summary
Purpose The legislation aims to prevent Department of Defense (DoD) personnel from using prediction markets when they possess or could access material nonpublic information, thereby promoting integrity in official duties.
Key Provisions
- Requires the Secretary of Defense, in consultation with military department secretaries, to issue regulations within 180 days of enactment.
- Prohibits members of the covered Armed Forces and DoD civilian employees from entering prediction market transactions if they possess material nonpublic information or may reasonably obtain it through official duties.
- Mandates that regulations include a range of punishments for violations.
- Defines "covered Armed Forces" as the Army, Navy, Air Force, Marine Corps, and Space Force.
- Defines "material nonpublic information" as data a reasonable investor would consider important that is not publicly available.
Significant Changes to Existing Law This bill introduces new restrictions on DoD personnel's participation in prediction markets tied to nonpublic information, establishing regulatory authority where none previously existed in statute for this specific context.
Potential Impacts
- Affects DoD operations by requiring new compliance rules and oversight mechanisms for military and civilian staff.
- Limits personal financial activities of approximately 2.1 million active-duty service members and over 700,000 civilian employees.
- No direct effects on international relations are specified in the legislation.
Main Stakeholders Affected
- Department of Defense leadership and military departments.
- Active-duty members of the covered Armed Forces.
- DoD civilian employees.
Notable Legal, Constitutional, or Political Implications The bill creates insider-trading-style rules for prediction markets within the DoD, potentially raising enforcement and due-process questions during regulation development. It emphasizes institutional trust without altering broader constitutional authorities over the armed forces.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Rep. Vindman, Eugene Simon [D-VA-7]
Recent Actions
- 2026-05-29: Referred to the House Committee on Armed Services.
- 2026-05-29: Introduced in House
- 2026-05-29: Introduced in House
Bill Versions
- Honesty and Trust in Service Act — issued 2026-05-29 — PDF (3 pages)