# 119-hr-9560: No Profiting from Public Service Act 119-hr-9560, No Profiting from Public Service Act, is a 119th Congress bill sponsored by Rep. McDonald Rivet, Kristen [D-MI-8] (D-MI); status introduced; PRIA reads it as touching household money (as of 2026-08-24). - Canonical: https://policyrisk.com/legislation/119-hr-9560 - 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-9560 - Congress: 119 - Title: No Profiting from Public Service Act - Status: introduced - Introduced: 2026-06-30 - Sponsor: Rep. McDonald Rivet, Kristen [D-MI-8] (D-MI) - Cosponsors: 3 - Policy area: Government Operations and Politics - Touches household money: yes - Last recorded action: 2026-08-24 ## Summary **Bars covered officials from owning or trading certain investments tied to markets or political events.** The bill would force divestiture for prohibited holdings, ban participation in prediction market contracts about political or government events, and set definitions and compliance steps for covered assets. - Covered officials and candidates, including Members of Congress, the President, the Vice President, federal judges, and senior executive appointees, would be barred from directly or indirectly owning or trading "covered investments." They would face divestiture requirements and must submit certificates of divestiture when required. - Spouses and dependent children of those officials are treated as covered officials for holdings rules, though the bill lists specific exclusions. Allowed holdings include qualified blind trusts, widely held diversified funds, diversified mutual funds and ETFs, U.S. Treasury securities, state and municipal securities, certain small business interests, Alaska Native settlement stock, and a Member's personal-residence real estate LLC. - Supervising ethics offices handle enforcement and must publicly post violations and penalties. Penalties include a 10 percent fine on the value or profits from a prohibited investment, disgorgement of profits, deposit of penalties into the general fund of the Treasury, and related losses would not be tax deductible. ## Cosponsors (3) - Rep. Kiley, Kevin [I-CA-3] (I-CA), 2026-06-30T00:00:00.000Z - Rep. Landsman, Greg [D-OH-1] (D-OH), 2026-06-30T00:00:00.000Z - Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2026-06-30T00:00:00.000Z ## Provisions PRIA read - Spouse and dependent trading exception: benefit, medium. If enacted, the bill would allow a spouse or dependent child to trade a covered investment only if the investment is not owned by the covered official and trading is the spouse's or dependent child's primary job. This preserves trading and employment opportunities for family members who work as pro… - 90-day divestment and blind trust: cost, high. If enacted, covered officials would have 90 days to sell or place any covered investment into a qualified blind trust. The 90-day deadline would apply to officials who are in office on enactment, to those who become officials after enactment, and to assets acquired by marriage, inheritance, or divo… - New investment ban for officials: cost, high. If enacted, the bill would bar covered officials — such as Members of Congress, judges, the President and Vice President, and certain senior federal officers — from directly or indirectly owning or trading covered investments. "Covered investments" would include securities, commodities, futures, an… - Prediction market ban for officials: cost, medium. If enacted, the bill would prohibit covered officials and covered individuals from entering into or offering prediction market contracts tied to political or government events. The bill would define "prediction market contract" broadly to include event-linked contracts offered on any platform, even… - Divestiture certificates and tax limits: cost, medium. If enacted, supervising ethics offices would issue certificates of divestiture when covered officials prove they complied with divestiture rules. The certificate would identify each covered property eligible for the program. The bill would also say covered officials cannot use Internal Revenue Code… - New fines and ethics guidance: mixed, high. If enacted, supervising ethics offices would have to issue guidance to explain unclear terms in the law. They could impose a fine equal to 10% of the value of a covered investment or contract and require disgorgement of any profits when someone violates the rules. Every assessed fine, the reason, a… ## Related bills - 119-hr-3151: SHIPS for America Act of 2025 - 119-hr-6900: American Affordability Act of 2025 - 119-hr-7977: Energy Bills Relief Act - 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-9560 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9560) ## 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-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-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-9560 (as of 2026-08-24).