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119th Congress

H.R. 7008

Stop Insider Trading Act

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor
Bryan Steil(R-WI)
Introduced
Jan 12, 2026
Policy area
Congress
Committees
House Committee on House Administration
Official text
Placed on Calendar Senate · Congress.gov page

Cosponsors (93)

Original cosponsors (72)
Added later (21)

Summary

Summary by the Congressional Research Service· describes the “Reported to House” version

Stop Insider Trading Act This bill generally prohibits Members of Congress and their spouses and dependent children from purchasing stocks and requires public notice before these individuals may sell stocks. Specifically, Members of Congress and the spouses and dependent children of Members of Congress may not purchase covered investments. Between 7 and 14 days before a Member or a covered spouse or dependent sells a covered investment, the relevant Member must file public notice of the intent to sell with the Clerk of the House of Representatives or the Secretary of the Senate, as appropriate. The Clerk or Secretary must publish this notice online. If the individual decides not to sell the covered investment, the notice must be withdrawn. Under the bill, a covered investment is a security issued by a publicly traded company or a comparable economic interest. Some investments are exempt, including interest in a widely held investment fund and certain investments held in a trust. Violations of these provisions are subject to a fee and, in the case of a purchase, a requirement to sell the covered investment. The fee must equal (1) the greater of $2,000 or 10% of the transaction value, and (2) any net gain realized from the transaction during a specified period. The fee may not be paid using campaign donations or Members’ official allowances. Certain transactions by covered spouses and dependents are exempt, including transactions made on behalf of another person or made as part of compensation from the individual’s employer.

Roll-call votes

DateVoteResultYour members
Sep 30, 2026
Senate #253		Motion to Invoke Cloture on the Motion to Proceed: H.R. 7008Cloture on the Motion to Proceed RejectedSet your home to see
Jul 22, 2026
House #280		On Passage: Stop Insider Trading ActPassedSet your home to see
Jul 22, 2026
House #279		On Motion to Recommit: Stop Insider Trading ActFailedSet your home to see

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