[U.S. Senate Advances Bill to Restrict Insider Trading, Prohibiting Officials from Participating in Securities Investments During Their Tenure] Odaily Planet Daily News: According to information from the official website of the U.S. Congress, the 119th Congress Bill S.1498, titled the 'Stopping Ownership and Non-Ethical Securities Trades Act (HONEST Act),' was added to the Senate legislative agenda on December 10 for further review. The bill, introduced by Republican Senator Josh Hawley in April 2025, has passed the Senate Homeland Security and Governmental Affairs Committee review and was submitted with amendments. The core objective of the bill is to prevent insider trading and conflicts of interest among public officials. It proposes to prohibit members of Congress, the President, the Vice President, and certain federal officials from holding or trading financial assets that may lead to conflicts of interest during their tenure, including stocks, derivatives, futures, etc., while exempting government bonds and broadly diversified funds. The bill also requires relevant individuals to dispose of restricted assets within a specified timeframe and conduct annual compliance disclosures. Violations will face penalties such as fines or forfeiture of profits. This legislation is seen as a strengthened supplement to the existing STOCK Act, aiming to enhance government transparency and ethical standards while addressing long-standing public concerns over securities trading and potential insider trading by members of Congress.