No Shorting America Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4036 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4036 To amend title 5, United States Code, to prohibit the short sale of certain financial investments by Members of Congress and their spouses and dependents, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 17, 2025 Mr. Kean (for himself and Ms. Craig) introduced the following bill; which was referred to the Committee on House Administration _______________________________________________________________________ A BILL To amend title 5, United States Code, to prohibit the short sale of certain financial investments by Members of Congress and their spouses and dependents, 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 ``No Shorting America Act''. SEC. 2. PROHIBITION OF CONGRESSIONAL SHORT SELLING OF FINANCIAL INVESTMENTS. Chapter 131 of title 5, United States Code, is amended by adding at the end the following (and by conforming the table of contents for such chapter accordingly): ``SUBCHAPTER IV--PROHIBITION ON CONGRESSIONAL SHORT SELLING ``Sec. 13151. Definitions ``In this subchapter: ``(1) Covered financial instrument.--The term `covered financial instrument' means-- ``(A) any investment in-- ``(i) a security (as defined in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a))); ``(ii) a security future (as defined in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a))); or ``(iii) a commodity (as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a)); and ``(B) any economic interest comparable to an interest described in subclause (I) that is acquired through synthetic means, such as the use of a derivative, including an option, warrant,