,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #ijhb  ,,in ,,the ,,house ,,of  
,,representatives  ,may #bi1 #bjbf,mr4  
,vindman introduced the following bill2 
which was referred to the ,committee on 
,armed ,services  ,a ,,bill  ,to        
prohibit the use of prediction markets  
by ,department of ,defense personnel1   
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,honesty and ,trust in ,service ,act4   
#b4 ,prohibition on use of prediction   
markets by personnel of the ,department 
of ,defense  7a7 ,regulations required  
,not later than #ahj days after the date
 of the enactment of this ,act1 the     
,secretary of ,defense1 in consultation 
with the ,secretaries of the military   
departments1 shall issue regulations    
prohibiting members of the covered      
,armed ,forces and civilian employees of
 the ,department of ,defense from       
entering into transactions on prediction
 markets in cases in which the member or
 employee--  7#a7 at the time of the    

transaction1 possesses material         
nonpublic information relevant to such  
transaction2 or  7#b7 may reasonably    
obtain such material nonpublic          
information in the course of performing 
official duties1 including when such    
information would not otherwise be      
available to a member of the public     
exercising reasonable diligence4  7b7   
,enforcement ,the regulations under     
subsection 7a7 shall specify a range of 
punishments for the use of prediction   
markets in violation of the regulations4
  7c7 ,definitions ,in this section3    
7#a7 ,the term covered ,armed ,forces   
means the ,army1 ,navy1 ,air ,force1    
,marine ,corps1 and ,space ,force4  7#b7
 ,the term material nonpublic           
information means information--  7,a7   
that a reasonable investor would        
consider important in making an         
investment decision2 and  7,b7 that is  
not publicly available4