We are writing to urge immediate changes to the rules package for the 119th Congress to include a clear, enforceable ban on Members, their families, and staff trading in individual stocks and in prediction markets. If such changes are not adopted in the current Congress, we urge that these provisions be included in the rules package for the 120th Congress.
Adopt House rules that prohibit Members of Congress, their families, and congressional staff from trading individual stocks and participating in prediction markets, and if not done in the current Congress, include those prohibitions in the 120th Congress rules package.
Occurrences
Evidence
Krishnamoorthi and Cloud led House lawmakers in calling on Speaker Mike Johnson and Democratic Leader Hakeem Jeffries to adopt new House rules prohibiting Members, their families, and congressional staff from trading individual stocks and participating in prediction markets. The letter says the changes should be included in the 119th Congress rules package or, if not adopted, in the 120th Congress rules package.
H.Res. 1263 was introduced in the House to amend House Rule XXIII to prohibit Members, Delegates, the Resident Commissioner, officers, and employees of the House from entering into prediction-market-related agreements, contracts, swaps, or transactions. The document shows it was referred to committee after introduction.
Assessments
Krishnamoorthi has materially advanced the promised policy by leading a bipartisan request to House leadership and supporting House-side rule-change action aimed at banning stock trading and prediction-market participation by Members, families, and staff. However, the evidence shows requests, introduction, and referral, not adoption of House rules. Because the claim explicitly allows fulfillment through the 120th Congress rules package if not adopted in the current Congress, the promised outcome has not yet failed and remains pending rather than never delivered.