# 119-hr-10450: REVEAL Act

119-hr-10450, REVEAL Act, is a 119th Congress bill sponsored by Rep. Miller-Meeks, Mariannette [R-IA-1] (R-IA); status introduced; PRIA reads it as touching household money (as of 2026-10-07).

- Canonical: https://policyrisk.com/legislation/119-hr-10450
- As of: 2026-10-07
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10450
- Congress: 119
- Title: REVEAL Act
- Status: introduced
- Introduced: 2026-09-16
- Sponsor: Rep. Miller-Meeks, Mariannette [R-IA-1] (R-IA)
- Cosponsors: 0
- Policy area: Government Operations and Politics
- Touches household money: yes
- Last recorded action: 2026-10-07

## Summary

**A broad ban on prediction-market transactions and certain investments for top federal officials** would bar covered individuals from holding, trading, or entering contracts that hinge on specific event outcomes to reduce conflicts of interest. It would require staged divestment deadlines, create narrow family and occupational exceptions, and set up enforcement with fines and public disclosure. - Families and households: Spouses and dependent children are covered by targeted occupational exceptions and detailed family-trust exemptions that limit how family assets are treated. - Covered individuals: Applies to Members of Congress, the President and Vice President, political appointees, judicial officers, their spouses and dependent children, and fiduciaries tied to those people. It would prohibit event-based contracts and ownership or trading of defined "covered investments" while serving and require divestiture within 180 days for holders at enactment and 90 days for those who become covered later. - Enforcement and ethics offices: Violations carry a penalty equal to 10% of the value of noncompliant transactions plus disgorgement of profits. Supervising ethics offices would issue certificates of divestiture, grant extensions for liquidity or vesting problems, and publicly report fines and outcomes.

## Provisions PRIA read

- Tax certificate for required divestitures: benefit, low. If enacted, the bill would let eligible covered individuals use the tax rollover rules in Internal Revenue Code section 1043 when they must divest. Supervising ethics offices would issue a certificate of divestiture after receiving proof that the person complied with divestment requirements or an e…
- Ban on event‑contingent bets: cost, low. If enacted, the bill would stop covered individuals from entering contracts or transactions that pay off based on a specific event tied to an excluded commodity. This would block prediction‑market style bets or contracts whose payout depends on whether an event happens. The rule would not apply to…
- Ban on owning certain investments: cost, low. If enacted, the bill would bar covered individuals from owning or trading covered investments while they serve. You would not be allowed to buy covered investments while covered. If you are already covered when the law is enacted you would have 180 days to divest at fair market value. If you become…
- Fines and public disclosure rules: cost, low. If enacted, covered individuals who break the investment or prediction‑market rules would pay a penalty equal to 10% of the violating transaction's value and would have to give up any profits from the deal. Disgorged profits would be paid into the U.S. Treasury. The law would bar paying these penal…
- Who and what the ban covers: mixed, low. If enacted, the bill would define who is a "covered individual" and what counts as a "covered investment." Covered individuals would include Members of Congress, the President, the Vice President, political appointees, judges, their spouses, dependent children, and certain fiduciaries. "Covered inv…

## Related bills

- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-4669: FEMA Act of 2025
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-4317: PBM Reform Act of 2025
- 119-hr-4895: Afghan Adjustment Act
- 119-hr-1656: PLUS for Veterans Act of 2025

## Sources
- [119-hr-10450 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10450)

## Related
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-4317: PBM Reform Act of 2025](https://policyrisk.com/legislation/119-hr-4317)
- [119-hr-4895: Afghan Adjustment Act](https://policyrisk.com/legislation/119-hr-4895)
- [119-hr-1656: PLUS for Veterans Act of 2025](https://policyrisk.com/legislation/119-hr-1656)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10450 (as of 2026-10-07).