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Bill > HR7008

US HR7008

US HR7008
Stop Insider Trading Act
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summary

Introduced
01/12/2026
In Committee
01/14/2026
Crossed Over
07/23/2026
Passed
Dead

Introduced Session

119th Congress

Bill Summary

AN ACT To amend chapter 131 of title 5 to require certain restrictions on stocks for Members of Congress and their spouses and dependents, and for other purposes.

AI Summary

This bill, titled the "Stop Insider Trading Act," aims to prevent Members of Congress and their immediate family members from engaging in insider trading by restricting their investments in publicly traded companies. Specifically, it defines "covered individuals" as Members of Congress, their spouses, and dependent children, and "covered investments" as securities from publicly traded companies or similar financial instruments, with certain exceptions for diversified funds, small business investments, and trusts where the Member has no control. The bill prohibits covered individuals from purchasing these covered investments while in federal service, and requires a public notice of intent to sell such investments at least seven days in advance, with the notice being publicly disclosed. There are exceptions for spouses or dependent children whose trades are part of their primary occupation or fiduciary duties, and for automatic dividend reinvestments. Violations can result in significant financial penalties, including a fee of $2,000 or ten percent of the transaction value, whichever is greater, plus any realized net gain, and a requirement to sell the illegally purchased investment. These penalties cannot be paid for using congressional office funds or campaign contributions. The bill also includes provisions for enforcement and allows ethics offices to issue interpretative guidance.

Committee Categories

Government Affairs

Sponsors (94)

Bryan Steil (R)*,  Mark Alford (R),  Jodey Arrington (R),  Don Bacon (R),  Tom Barrett (R),  Michael Baumgartner (R),  Aaron Bean (R),  Nicholas Begich (R),  Cliff Bentz (R),  Jack Bergman (R),  Stephanie Bice (R),  Andy Biggs (R),  Robert Bresnahan (R),  Vern Buchanan (R),  Kat Cammack (R),  Mike Carey (R),  Buddy Carter (R),  Ed Case (D),  Juan Ciscomani (R),  Ben Cline (R),  Michael Cloud (R),  Mike Collins (R),  Eli Crane (R),  Jeff Crank (R),  Dan Crenshaw (R),  Troy Downing (R),  Jake Ellzey (R),  Gabe Evans (R),  Pat Fallon (R),  Julie Fedorchak (R),  Randy Feenstra (R),  Scott Fitzgerald (R),  Mike Flood (R),  Vince Fong (R),  Scott Franklin (R),  Paul Gosar (R),  Morgan Griffith (R),  Glenn Grothman (R),  Michael Guest (R),  Mike Haridopolos (R),  Pat Harrigan (R),  Andy Harris (R),  Ashley Hinson (R),  Erin Houchin (R),  Richard Hudson (R),  Bill Huizenga (R),  Jeff Hurd (R),  John James (R),  Dusty Johnson (R),  John Joyce (R),  Mike Kennedy (R),  Jen Kiggans (R),  Kevin Kiley (I),  Young Kim (R),  Darin LaHood (R),  Nick LaLota (R),  Nick Langworthy (R),  Mike Lawler (R),  Laurel Lee (R),  Anna Luna (R),  Ryan Mackenzie (R),  Tracey Mann (R),  Brian Mast (R),  Richard McCormick (R),  Addison McDowell (R),  Mark Messmer (R),  Mary Miller (R),  Max Miller (R),  Mariannette Miller-Meeks (R),  Cory Mills (R),  John Moolenaar (R),  Greg Murphy (R),  Zach Nunn (R),  Andy Ogles (R),  Jimmy Patronis (R),  Scott Perry (R),  Josh Riley (D),  Mike Rogers (R),  Chip Roy (R),  John Rutherford (R),  Derek Schmidt (R),  Keith Self (R),  Chris Smith (R),  Lloyd Smucker (R),  Dale Strong (R),  David Taylor (R),  Claudia Tenney (R),  Tom Tiffany (R),  William Timmons (R),  Matt Van Epps (R),  Derrick Van Orden (R),  Ann Wagner (R),  Daniel Webster (R),  Rudy Yakym (R), 

Last Action

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 548. (on 08/06/2026)

Bill Topics

Civil Rights, Minority Issues, and Civil Liberties
  • ‐ Voting Rights and Issues
Government Operations
  • ‐ Government Ethics and Conflicts of Interest
(3 Companion Bills)

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