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.
Krishnamoorthi and Cloud led a bipartisan House letter urging Speaker Mike Johnson and Democratic Leader Hakeem Jeffries to adopt new House rules banning Members of Congress, their families, and congressional staff from trading individual stocks and participating in prediction markets. The letter says the change should go into the 119th Congress rules package, or the 120th if not adopted now.
H.Res. 1263 proposed amending House Rule XXIII to bar Members, Delegates, the Resident Commissioner, officers, and employees of the House from entering into prediction-market-related agreements, contracts, swaps, or transactions. The official bill text shows introduction and referral to committee, not adoption into House rules.
Assessments
Krishnamoorthi has materially advanced the promise by leading a bipartisan May 12, 2026 push for House rules banning individual-stock trading and prediction-market participation by Members, families, and staff, and aligned House action on prediction markets was introduced. But the evidence shows advocacy and introduction only, not that the House actually adopted those prohibitions into its rules. The 119th Congress rules package was adopted without this full ban, and the promise itself explicitly left a fallback path to the 120th Congress rules package if it was not done in the current Congress. Because the 120th Congress does not begin until January 3, 2027, the delivery window is still open. That makes this not delivered yet, but not failed yet either.
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.