Bills · HR 3849
IN COMMITTEE· 119TH CONGRESS
House BillHR 3849Government Operations and Politics
STABLE GENIUS Act
INTRO JUN 9· LAST ACTION JUN 9
READING
5MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
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- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill addresses concerns about potential conflicts of interest when public officials hold and trade investments, especially in newer, less regulated areas like digital assets. Voters care because it aims to ensure that lawmakers and high-ranking officials make decisions based on public interest rather than personal financial gain. Digital assets are a rapidly evolving market, and officials' policy decisions could significantly impact their value.
If this bill becomes law, it would create stricter ethical guidelines for federal officeholders and candidates, potentially increasing public trust by reducing the perception of insider trading or financial misconduct. If it doesn't pass, current rules would remain in place, allowing these officials and candidates to continue trading digital assets, which some argue could create opportunities for conflicts of interest or undermine public confidence in government integrity.
KEY PROVISIONS
5AI-extractedPROVISION 01
Prohibits the President, Vice President, Members of Congress, and candidates for these offices from engaging in any transactions involving digital assets.
Prevents potential conflicts of interest and the appearance of using official position for personal financial gain in the digital asset market.
PROVISION 02
Requires covered individuals who own digital assets to place them into a qualified blind trust, which must then divest these assets within six months.
Provides a mechanism for officials to comply with the ban by liquidating existing holdings without direct involvement, overseen by an ethics office.
PROVISION 03
Establishes civil penalties up to $250,000 and disgorgement of profits for knowing violations, and criminal penalties up to 18 years imprisonment for violations causing significant loss or personal benefit.
Creates strong enforcement mechanisms and deterrents against violating the prohibitions, ensuring accountability.
PROVISION 04
Defines "digital asset" broadly to include any digital representation of value on a cryptographically secured distributed ledger or similar technology.
Ensures the prohibition covers a wide range of current and future digital currencies and related investments, preventing loopholes.
PROVISION 05
Declares that any prohibited financial transaction is considered an "unofficial act," meaning officials would not be shielded by official immunity from civil or criminal liability.
Removes a potential legal defense, making it easier to hold officials accountable for violating the trading ban.
SPONSORSHIP
1 + 0
D· Colorado
YRS IN OFFICE
7
BILLS LED
91
ACTION TIMELINE
2 EVENTSJUN 9
Introduced in House
JUN 9
Referred to the Committee 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 consideration of such provisions as fall within the jurisdiction of the committee concerned.
BILL INFO
TypeHouse Bill
NumberHR 3849
Congress119th
StatusIn Committee
IntroducedJun 9, 2025
Last actionJun 9, 2025
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IN COMMITTEE· 119TH CONGRESS · OVERSIGHT AND GOVERNMENT REFORM COMMITTEE · INTRODUCED JUN 9, 2025
House BillHR 3849Government Operations and Politics
STABLE GENIUS Act
INTRODUCED JUN 9, 2025· LAST ACTION JUN 9, 2025
PASSAGE CHANCES
—%
READING
5 min
COSPONSORS
0
COMPLEXITY
Moderate
