H.R. 9082

119 HR 9082 IH: Honesty and Trust in Service Act
 U.S. House of Representatives
 2026-05-29
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 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 9082  IN THE HOUSE OF REPRESENTATIVES   May 29, 2026   Mr. Vindman  introduced the following bill; which was referred to the  Committee on Armed Services    A BILL
To prohibit the use of prediction markets by Department of Defense personnel, and for other purposes.
1.
Short title
This Act may be cited as the   Honesty and Trust in Service Act  .
2.
Prohibition on use of prediction markets by personnel of the Department of Defense
(a)
Regulations required
Not later than 180 days after the date of the enactment of this Act, the Secretary of Defense, in consultation with the Secretaries of the military departments, shall issue regulations prohibiting members of the covered Armed Forces and civilian employees of the Department of Defense from entering into transactions on prediction markets in cases in which the member or employee—
(1)
at the time of the transaction, possesses material nonpublic information relevant to such transaction; or
(2)
may reasonably obtain such material nonpublic information in the course of performing official duties, including when such information would not otherwise be available to a member of the public exercising reasonable diligence.
(b)
Enforcement
The regulations under subsection (a) shall specify a range of punishments for the use of prediction markets in violation of the regulations.
(c)
Definitions
In this section:
(1)
The term  covered Armed Forces  means the Army, Navy, Air Force, Marine Corps, and Space Force.
(2)
The term  material nonpublic information  means information—
(A)
that a reasonable investor would consider important in making an investment decision; and
(B)
that is not publicly available.