# 119-hr-10199: Sell Your Stocks or Step Down Act

119-hr-10199, Sell Your Stocks or Step Down Act, is a 119th Congress bill sponsored by Rep. Vindman, Eugene Simon [D-VA-7] (D-VA); status introduced; PRIA reads it as touching household money (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-hr-10199
- As of: 2026-09-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10199
- Congress: 119
- Title: Sell Your Stocks or Step Down Act
- Status: introduced
- Introduced: 2026-08-31
- Sponsor: Rep. Vindman, Eugene Simon [D-VA-7] (D-VA)
- Cosponsors: 0
- Policy area: Government Operations and Politics
- Touches household money: yes
- Last recorded action: 2026-09-10

## Summary

**Bars federal leaders and their immediate families from owning or trading certain securities, commodities, digital assets, futures, and related derivatives.** The bill defines who is covered, what investments count, sets 30‑day divestment deadlines, and creates penalties and enforcement tools for violations. - Covered public officials and their households must divest covered investments quickly. The definition of covered individuals includes the President, Vice President, Members of Congress, senior executive and judicial officials, and spouses and dependent children. Divestiture deadlines are 30 days after enactment or 30 days after becoming covered. - Trading and non‑divestiture carry steep penalties. Failure to divest triggers a daily penalty of 10% of the investment's fair market value up to 50% total. Trading violations require payment equal to the investment's value plus $10,000 and disgorgement of profits. - The rule lists what counts as a covered investment and several exclusions. Covered instruments include securities, commodities, futures, digital assets, event contracts, and synthetic positions. Widely held diversified funds, U.S. Treasury securities, municipal bonds, small business interests, primary residence LLCs, and certain Alaska Native stock are excluded. *Penalties and disgorged amounts are deposited into the Treasury general fund to reduce the federal deficit.*

## Provisions PRIA read

- Spouse trading allowed for professionals: benefit, low. If you are the spouse or dependent child of a covered individual, you would be allowed to trade a covered investment only when the investment is not owned by the covered official and trading is your primary occupation. The exception would apply only to spouses or dependent children of the specified…
- Ban on senior officials' investments: cost, high. If you are a covered individual (President, Vice President, Members of Congress, certain senior executive or judicial officials, or their spouse/dependent), you would not be allowed to own or trade covered investments while serving. Covered investments would include securities, commodities, futures…
- Steep penalties and collection powers: cost, high. If you fail to divest, a daily fee would start the day after the deadline equal to 10% of the value of the violating portfolio each day, up to a total cap of 50% of that value. If you buy or trade in violation, the ethics office could require payment equal to the investment's value plus $10,000 and…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act

## Sources
- [119-hr-10199 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10199)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10199 (as of 2026-09-10).