S 1498
Advanced toward a vote
Requires Members of Congress, the President, the Vice President, and their spouses and dependent children to sell most stocks, bonds, commodities, and other investments they hold, and bars Members, the President, and the Vice President from buying them.
Official title: Halting Ownership and Non-Ethical Stock Transactions (HONEST) Act
Timeline each lane is a chamber; dates pull from congress.gov actions
Senate
Introduced
28-APR-2025
Referred
28-APR-2025
Approved by committee
30-JUL-2025
Reported
10-DEC-2025
On the calendar
10-DEC-2025
- Bars covered officials from buying covered investments, with exclusions for diversified mutual funds, diversified exchange-traded funds, and Treasury securities.
- Requires covered officials and their spouses and dependent children to divest existing covered investments by set deadlines and ends new qualified blind trusts 180 days after the applicable effective date.
- Sets civil penalties of the greater of one month's pay or 10 percent of the value of investments not divested, imposed after notice and continued noncompliance.
- Sets a $500 fine for each failure to file a STOCK Act transaction report starting March 31, 2027, and requires searchable, downloadable online financial disclosure databases within 18 months.
Current. The Congressional Research Service's summary covers the bill's latest wording (Reported to Senate, 10-DEC-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.govCongress
■ 4 D■ 1 R
4 Democrats
1 Republican