U.S. Congress Reviews Hawley's S.1498 "Honest Act" to Curb Insider Trading by Top Officials
The U.S. Congress has begun reviewing Senator Josh Hawley's bill S.1498, known as the "Honest Act," which aims to tighten ethical trading rules for senior public officials. The proposal, introduced in April 2025 and advanced by the Senate Homeland Security and Governmental Affairs Committee on July 30, 2025, would bar the President, Vice President, members of Congress and certain federal officials from trading individual stocks, derivatives and futures while allowing government bonds and diversified funds.