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Bill > HR7008

US HR7008

US HR7008
Stop Insider Trading Act

summary

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

Introduced Session

119th Congress

Bill Summary

A BILL 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 imposing new restrictions on their investments. 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 like derivatives, 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 them to publicly disclose their intent to sell a covered investment at least seven days, but no more than fourteen days, before the sale. There are exceptions for spouses and dependent children if the transaction is for someone else's benefit or part of their employment compensation, and for reinvesting dividends. Violators will face significant penalties, including a fee calculated as the greater of $2,000 or ten percent of the transaction value, plus any net gain from the investment, and for purchases made in violation, they will be required to sell the investment. These fees cannot be paid using official congressional funds or campaign contributions, and any collected fees will go to the general treasury. The bill also allows for referral to the Department of Justice if a Member resigns before paying assessed fees, and requires ethics offices to provide 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 (R),  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

Placed on the Union Calendar, Calendar No. 409. (on 02/03/2026)

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