S.1498 Bill Seeks to Limit Financial Activities of Public Officials

2025-12-12 16:46

The S.1498 bill, introduced by Senator Josh Hawley in April 2025, aims to enhance financial regulations for public officials to counter terrorism financing. The bill, which passed the Senate Committee on December 10, 2025, restricts Congress members and top executive officials from holding risk-on assets. It requires these officials to divest certain assets and imposes penalties for noncompliance. This legislation builds on the 2012 STOCK Act, promoting ethical reforms in financial activities of public officials.

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