SOURCE: H.R. 3849 IH

119TH CONGRESS

1

ST SESSION

H. R. 3849

To prohibit certain individuals from engaging in prohibited financial transactions, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

JUNE 9, 2025

Mr. N

EGUSE introduced the following bill; which was referred to the Com-

mittee on Financial Services, and in addition to the Committees on Oversight and Government Reform, and House Administration, for a period

to be subsequently determined by the Speaker, in each case for consider-

ation of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To prohibit certain individuals from engaging in prohibited financial transactions, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE

This Act may be cited as the ‘‘Stop Trading Assets Benefiting Lawmakers’ Earnings while Governing Exotic and Novel Investments in the United States Act’’ or the “STABLE GENIUS Act’’.

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SEC. 2. PROHIBITED FINANCIAL TRANSACTIONS.

D EFINITIONS .—In this section:

1. C OVERED ELECTION .—The term “covered election” means an election for the office of
• (A) President;
• (B) Vice President;
• (C) United States Senator;
• (D) United States Representative;
• (E) Delegate to Congress;
• (F) Resident Commissioner of Puerto Rico.

C OVERED INDIVIDUAL .—The term “covered individual” means

2. (A) the President;
3. (B) the Vice President;
4. (C) a United States Senator;
5. (D) a United States Representative;
6. (E) a Delegate to Congress;
7. (F) a Resident Commissioner of Puerto Rico;
8. (G) a candidate in a covered election.

C OVERED INVESTMENT .—The term “covered investment” means any digital asset.

D IGITAL ASSET .—The term “digital asset” means any digital representation of value that is recorded on a cryptographically secured distributed ledger or any similar technology.

(5) PROHIBITED FINANCIAL TRANSACTION .—1

A N IN GENERAL .—The term “prohibited financial transaction” means

6. (A) any issuance, sponsorship, or endorsement of a covered investment;
7. (i) any purchase, sale, holding, or other conduct that causes a covered individual to obtain a covered investment;
8. (ii) any acquisition of any financial interest comparable to an interest described in clause (i) or (ii) through synthetic means, such as the use of a derivative, including an option, warrant, or other similar means;
9. (iii) any acquisition of any financial interest comparable to an interest described in clause (i) or (ii) as part of an aggregation or compilation of such interests through a mutual fund, exchange-traded fund, or other similar means.

Q UALIFIED BLIND TRUST.—The term “qualified blind trust” means a qualified blind trust

(as defined in section 13104(f)(3) of title 5, United States Code) that has been approved in writing by the applicable supervising ethics office under subsection (D) of such section 13104(f)(3).

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(c) Q UALIFIED BLIND TRUST .—15

I N GENERAL .—During any of the periods described in subsection (b),

16. (A) it shall be unlawful for a covered individual to
• knowingly violate subsection (b); and
• through such violation—
• (i) causes an aggregate loss of not less than $1,000,000 to 1 or more persons in the United States;
• (ii) benefits financially, through profit, gain, or advantage, directly or indirectly through any family member or business associate of the covered individual, from a prohibited financial transaction.

P ENALTY .—A covered individual who violates paragraph (1) shall be fined under title 18, United States Code, imprisoned for not more than 5 years, or both.