Government workers and their families must sell all stocks
H.R. 10199 — Sell Your Stocks or Step Down Act · Filed by Eugene Vindman (D-VA) · Introduced Aug 31, 2026 · Referred to committee
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What it does
The bill stops the President, Vice President, and Congress members from owning stocks. It also stops senior government workers, judges, spouses, and children from owning stocks. Anyone who breaks this rule must sell within 30 days. Penalties include daily fines up to 10% of portfolio value. Violators also pay $10,000 per violation and give back profits made. The money from fines goes to the U.S. Treasury.
Who it affects
The bill affects the President, Vice President, and Congress members. It also affects senior government workers, judges, spouses, and children. It stops these people from trading stocks in companies they regulate. It stops them from using secret information to make money.
One thing to notice
Spouses and children may still be allowed to trade stocks for work as traders. The bill does not address blind trusts that are already set up.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- Aug 31, 2026 — Introduced · Congress.gov: “Introduced in House”
- Aug 31, 2026 — Referred to House Committee on Ways and Means and House Committee on the Judiciary · Congress.gov: “Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House…”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- blind trusts — Accounts managed by someone else so the owner does not know what stocks are held.
- portfolio — All the stocks and investments that one person owns.
- violators — People who break a rule or law.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (11,285 characters) on Sep 1, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,707 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-23.
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