Stop Insider Trading Act
Where Things Stand
Supporters are currently utilizing a discharge petition to bypass leadership and force a House floor vote on legislation banning members and their families from trading individual stocks. If enacted, the measures would impose monthly salary fines or 10% penalty fees on violators to prevent officials from profiting from non-public information.
The Facts
How We Got Here
Key Statements
“Members of Congress introduce the Stop Insider Trading Act and No Getting Rich in Congress Act to prohibit federal lawmakers from trading stocks, though the legislation remains stalled.”
This article confirms that despite the introduction of multiple bills, the legislation is currently stalled.
“The bill will be on the House floor soon. This is the accountability the American people demand and deserve.”
This post from a member of House leadership indicates the Stop Insider Trading Act is moving toward a vote.
Who This Affects
Conflicting
Policies
These bills represent a mix of House and Senate versions of the same policy, such as the Stop Insider Trading Act (H.R. 7008 and S. 4134). The PELOSI Act and the Stop Insider Trading Act are the furthest along because they have been reported out of committee and are ready for a full vote.
Sen. Ricketts Introduces Stop Insider Trading Act to Ban Lawmakers and Families From Buying Stocks
Rep. Steil Pushes Stop Insider Trading Act to Ban Members of Congress From Buying Stocks
Congress Proposes Ban on Stock Trading for Lawmakers and Their Families to Prevent Conflicts of Interest
House Committee Reviews Bill Banning Congress Members, President From Owning Individual Stocks
Congress bill would ban most stock and commodity trading by Members of Congress and their spouses
News
Pete Ricketts introduces legislation banning congressional stock trades
Popular reforms keep dying in Congress -- thanks to the old guard
Pelosi isn't alone -- Congress is a trading floor
Group of House Democrats introduce new stock trading bill
Congress is taking stock of proposed ethics rules
Political Response
Analysis generated by AI. Always verify with official sources.