# 119-hr-4036: No Shorting America Act

119-hr-4036, No Shorting America Act, is a 119th Congress bill sponsored by Rep. Kean, Thomas H. [R-NJ-7] (R-NJ); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-4036
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4036
- Congress: 119
- Title: No Shorting America Act
- Status: introduced
- Introduced: 2025-06-17
- Sponsor: Rep. Kean, Thomas H. [R-NJ-7] (R-NJ)
- Cosponsors: 1
- Policy area: Congress
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Bans Members of Congress, their spouses, and dependents from short selling securities or comparable synthetic instruments issued by companies listed on national stock exchanges.** The bill would require compliance pledges and public certificates from the supervising ethics office and allow the Justice Department to seek civil fines up to $50,000 for willful violations. - Covered individuals would be barred from short sales and synthetic equivalents in exchange-listed companies, and any loss from a violating short sale could not be deducted from their income tax. - The supervising ethics office would collect pledges of compliance, may request materials to verify trading, and must publish certificates of compliance on a public website. - The Attorney General could sue willful violators in federal court and courts could impose civil penalties up to $50,000, with payment barred from Members’ official allowances or federal campaign committees.

## Cosponsors (1)

- Rep. Craig, Angie [D-MN-2] (D-MN), 2025-06-17T00:00:00.000Z

## Provisions PRIA read

- No tax write-off for banned short sales: cost, high. If a covered person makes a banned short sale and loses money, they could not deduct that loss on their federal income tax return. This would apply to Members of Congress, their spouses, and dependents. That would raise their tax bill compared with current rules.
- Short selling ban for Members' households: cost, medium. Members of Congress, their spouses, and dependents would be barred from short selling investments tied to companies listed on a national stock exchange. The ban would cover securities, security futures, commodities, and synthetic bets like options or warrants. A short sale is selling an investment…
- Ethics pledge and public compliance certificates: cost, low. Each Member of Congress would need to sign a pledge to follow the short‑sale ban. The supervising ethics office could ask for records to show compliance. The office would issue a compliance certificate and post it on a public website.
- Fines up to $50,000 for violations: cost, low. The supervising ethics office would refer willful violations to the Attorney General. The Attorney General could sue a covered person who knowingly and willfully broke the ban. A court could fine them up to $50,000. They could not use official office funds or campaign funds to pay the fine.

## Related bills

- 119-hr-3816: Weather Act Reauthorization Act of 2025
- 119-hr-10421: Transforming Education for the Future Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-5334: Lindsey O. Graham Sanctioning Russia and Iran Act of 2026

## Sources
- [119-hr-4036 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4036)

## Related
- [119-hr-3816: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-3816)
- [119-hr-10421: Transforming Education for the Future Act](https://policyrisk.com/legislation/119-hr-10421)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-5334: Lindsey O. Graham Sanctioning Russia and Iran Act of 2026](https://policyrisk.com/legislation/119-hr-5334)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4036 (as of 2026-04-21).