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S.1498 Bill Aims to Restrict Public Officials' Financial Activities

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S.1498, introduced by Senator Josh Hawley in April 2025, focuses on Countering the Financing of Terrorism by tightening financial regulations for public officials. The bill, which cleared the Senate Committee on December 10, 2025, restricts risk-on assets holdings for Congress members and top executive roles. It mandates asset divestment and imposes penalties for noncompliance. The legislation supports ethical reforms and expands on the 2012 STOCK Act.
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