S 1498
Halting Ownership and Non-Ethical Stock Transactions (HONEST) Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 7:43 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The HONEST (Preventing Elected Leaders from Owning Securities and Investments) Act prohibits members of Congress and their spouses from holding, purchasing, or selling certain financial instruments, often referred to as ‘covered financial instruments.’ It establishes clear definitions of these instruments and outlines penalties for violations, including disgorgement of profits and potential civil fines. The Act also requires members to annually certify their compliance and subjects Congress to an audit by the Government Accountability Office to ensure adherence to these new regulations.
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