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H.R.4685 / 117th Congress

Trading Isn’t a Game Act

Placed on the Union Calendar, Calendar No. 165.

Official summary

Version 07 · Reported to House · Jan 20, 2022

Trading Isn't a Game Act

This bill requires the Government Accountability Office (GAO) to study and report on the use of techniques including gamification (adding gamelike elements to encourage participation) and psychological nudges (behavioral interventions designed to influence decision-making) by online investment trading platforms. Further, the GAO must compare the investment activity, habits, and risk tolerance of customers exposed to such techniques and those who are not.

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Who introduced it

Rep. Casten, Sean [D-IL-6] · D–IL

Committees

  • Financial Services Committee
3 cosponsorship records, including any withdrawals

Actions

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  1. Placed on the Union Calendar, Calendar No. 165.

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 117-231.

  3. Reported (Amended) by the Committee on Financial Services. H. Rept. 117-231.

  4. Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23.

  5. Committee Consideration and Mark-up Session Held.

  6. Committee Consideration and Mark-up Session Held.

  7. Referred to the House Committee on Financial Services.

  8. Introduced in House

  9. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: May 15, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.4685 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

Examine H.R.4685 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Institutions and government scope

Conservative lens

Examine H.R.4685 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Individual rights and government power

Liberty lens

Examine H.R.4685 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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