# 119-hr-9429: The Public Service Accountability Act

119-hr-9429, The Public Service Accountability Act, is a 119th Congress bill sponsored by Rep. Goodlander, Maggie [D-NH-2] (D-NH); status introduced; PRIA reads it as touching household money (as of 2026-08-24).

- Canonical: https://policyrisk.com/legislation/119-hr-9429
- As of: 2026-08-24
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9429
- Congress: 119
- Title: The Public Service Accountability Act
- Status: introduced
- Introduced: 2026-06-24
- Sponsor: Rep. Goodlander, Maggie [D-NH-2] (D-NH)
- Cosponsors: 1
- Policy area: Congress
- Touches household money: yes
- Last recorded action: 2026-08-24

## Summary

**Bars high-level officials and close family from owning or trading certain private or synthetic investments.** It would define covered people and assets, set timed divestiture rules, and create fines plus public reporting. - Covered officials would include the President, the Vice President, Members of Congress, judges, senior executives, and Schedule C policy officials. Those already holding prohibited investments would have 180 days to divest, and new covered individuals would have 90 days. - Spouses and dependent children are included. Assets acquired after enactment by marriage, inheritance, or divorce must be sold within 90 days. - Enforcement would require disgorging illicit profits and paying a fine equal to 10 percent of the covered investment's value to the Treasury. Supervising ethics offices must publish each assessed fine and the reason. *Would direct penalties and disgorged profits to the Treasury, which would increase federal receipts.*

## Cosponsors (1)

- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2026-06-24T00:00:00.000Z

## Provisions PRIA read

- General Schedule federal employees excluded: benefit, medium. If enacted, the bill would say it does not apply to employees in positions under the General Schedule. That means federal workers paid on the GS scale would not have to follow the trading, ownership, or divestiture rules in this bill.
- Who counts as a covered official: cost, medium. If enacted, the bill would list who is a "covered individual." It would include Members of Congress and congressional staffers, the President and Vice President (and their spouses and dependent children), certain judges and judicial employees, senior executive officials (Executive Schedule levels 1…
- Trading ban and penalties for officials: mixed, high. If enacted, covered individuals would not be able to buy or hold certain stocks, commodities, futures, derivatives, or similar investments while in Federal service. The bill would require those holdings to be sold at fair market value—usually within 180 days for people covered on enactment and 90 d…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-4317: PBM Reform Act of 2025
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-7973: Momnibus Act

## Sources
- [119-hr-9429 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9429)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [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-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [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-9429 (as of 2026-08-24).