,i #aaith ,,congress #ast ,session ,h4 ,r4 #chdi ,,in ,,the ,,house ,,of ,,representatives ,june #i1 #bjbe,mr4 ,neguse introduced the following bill2 which was referred to the ,committee on ,financial ,services1 and in addition to the ,committees on ,oversight and ,government ,reform1 and ,house ,administration1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to prohibit certain individuals from engaging in prohibited financial transactions1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,stop ,trading ,assets ,benefitting ,lawmakers' ,earnings while ,governing ,exotic and ,novel ,investments in the ,united ,states ,act or the ,,stable ,,genius ,act4 #b4 ,prohibited financial transactions 7a7 ,definitions ,in this section3 7#a7 ,covered election ,the term covered election means an election for the office of-- 7,a7 ,president2 7,b7 ,vice ,president2 7,c7 ,united ,states ,senator2 7,d7 ,united ,states ,representative2 7,e7 ,delegate to ,congress2 or 7,f7 ,resident ,commissioner of ,puerto ,rico4 7#b7 ,covered individual ,the term covered individual means-- 7,a7 the ,president2 7,b7 the ,vice ,president2 7,c7 a ,united ,states ,senator2 7,d7 a ,united ,states ,representative2 7,e7 a ,delegate to ,congress2 7,f7 a ,resident ,commissioner of ,puerto ,rico2 or 7,g7 a candidate in a covered election4 7#c7 ,covered investment ,the term covered investment means any digital asset4 7#d7 ,digital asset ,the term digital asset means any digital representation of value that is recorded on a cryptographically secured distributed ledger or any similar technology4 7#e7 ,prohibited financial transaction 7,a7 ,in general ,the term prohibited financial transaction means-- 7i7 any issuance1 sponsorship1 or endorsement of a covered investment2 7ii7 any purchase1 sale1 holding1 or other conduct that causes a covered individual to obtain a covered investment2 7iii7 any acquisition of any financial interest comparable to an interest described in clause 7i7 or 7ii7 through synthetic means1 such as the use of a derivative1 including an option1 warrant1 or other similar means2 or 7iv7 any acquisition of any financial interest comparable to an interest described in clause 7i7 or 7ii7 as part of an aggregation or compilation of such interests through a mutual fund1 exchange-traded fund1 or other similar means4 7#f7 ,qualified blind trust ,the term qualified blind trust means a qualified blind trust 7as defined in section #acajd7;f77#c7 of title #e1 ,united ,states ,code7 that has been approved in writing by the applicable supervising ethics office under subparagraph 7,d7 of such section #acajd7;f77#c74 7b7 ,prohibited financial transactions ,except as provided in subsection 7c71 a covered individual may not engage in any prohibited financial transaction during-- 7#a7 the period beginning on the date of filing as a candidate in a covered ,federal election and ending on the date of the covered ,federal election2 7#b7 the term of service of the covered individual2 and 7#c7 the #a-year period beginning on the date on which the service of the covered individual is terminated4 7c7 ,qualified blind trust 7#a7 ,in general ,during any of the periods described in subsection 7b71 for each covered investment owned by a covered individual1 the covered individual shall place the covered investment in a qualified blind trust1 including by establishing a qualified blind trust for that purpose1 if necessary4 7#b7 ,qualified blind trust requirements ,a qualified blind trust may not be established for purposes of complying with this section without the prior approval of the applicable supervising ethics office4 ,with respect to any such trust so approved1 the applicable trustee-- 7,a7 shall divest of any such instrument placed in the trust not later than #f months after the trust is established2 7,b7 shall certify to the applicable supervising ethics office on an annual basis that the trustee has not provided any information on the trust's assets or transactions to the applicable covered individual2 and 7,c7 may not have a close personal or business relationship with the applicable covered individual4 7d7 ,reporting requirements 7#a7 ,supervising ethics offices ,each supervising ethics office shall make available on the public website of the supervising ethics office a copy of any qualified blind trust agreement of each covered individual4 7#b7 ,amendment ,section #acaja7ah7 of title #e1 ,united ,states ,code1 is amended-- 7,a7 in subparagraph 7,c71 by striking and at the end2 7,b7 in subparagraph 7,d71 by striking the period and inserting 2 and2 and 7,c7 by adding at the end the following3 7,e7 the ,federal ,election ,commission for a candidate in an election for the office of ,president1 ,vice ,president1 ,united ,states ,senator1 ,united ,states ,representative1 ,delegate to ,congress1 or ,resident ,commissioner of ,puerto ,rico4 4 7e7 ,liability and immunity ,for purposes of any immunities to civil or criminal liability1 any conduct comprising or relating to a prohibited financial transaction under this section shall be deemed an unofficial act and beyond the scope of the official duties of the relevant covered individual4 7f7 ,civil penalties 7#a7 ,civil action ,the ,attorney ,general may bring a civil action in any appropriate district court of the ,united ,states against any covered individual who violates subsection 7b74 7#b7 ,civil penalty ,any covered individual who knowingly violates subsection 7b7 shall be subject to a civil monetary penalty of not more than #bej1jjj4 7#c7 ,disgorgement ,a covered individual who is found in a civil action under paragraph 7#a7 to have violated subsection 7b7 shall disgorge to the ,treasury of the ,united ,states any profit from the unlawful activity that is the subject of that civil action4 7g7 ,criminal penalties 7#a7 ,in general ,it shall be unlawful for a covered individual to-- 7,a7 knowingly violate subsection 7b72 and 7,b7 through such violation-- 7i7 causes an aggregate loss of not less than #a1jjj1jjj to #a or more persons in the ,united ,states2 or 7ii7 benefits financially1 through profit1 gain1 or advantage1 directly or indirectly through any family member or business associate of the covered individual1 from a prohibited financial transaction4 7#b7 ,penalty ,a covered individual who violates paragraph 7#a7 shall be fined under title #ah1 ,united ,states ,code1 imprisoned for not more #ah than years1 or both4