H.R. 7008 Passed the House Congress

Stop Insider Trading 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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Steil, Bryan [R-WI-1] Introduced January 12, 2026 Cosponsors 93 (90 R, 1 I, 2 D) Latest action September 30, 2026

Summary

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 If the individual decides not to sell the covered investment, the notice must be withdrawn.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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Roll-call votes

Actions

  1. Sep 30, 2026 Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 53 - 47. Record Vote Number: 253.
  2. Sep 28, 2026 Motion to proceed to consideration of measure withdrawn in Senate.
  3. Sep 28, 2026 Cloture motion on the motion to proceed to the measure presented in Senate. (CR S5065)
  4. Sep 28, 2026 Motion to proceed to consideration of measure made in Senate. (CR S5065)
  5. Aug 6, 2026 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 548.
  6. Aug 5, 2026 Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
  7. Jul 23, 2026 Received in the Senate.
  8. Jul 22, 2026 Motion to reconsider laid on the table Agreed to without objection.
  9. Jul 22, 2026 On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280). (text of amendment in the nature of a substitute: CR H5143-5144)
  10. Jul 22, 2026 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280).
  11. Jul 22, 2026 On motion to recommit Failed by the Yeas and Nays: 211 - 218 (Roll no. 279).
  12. Jul 22, 2026 Considered as unfinished business. (consideration: CR H5157-5158)

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