Stop Insider Trading Act restricts Members of Congress and their families from buying or selling certain securities.
The Stop Insider Trading Act amends chapter 131 of title 5 to impose restrictions on stocks for Members of Congress and their spouses and dependents. It defines "covered individual" as a Member of Congress, their dependent child, or spouse. "Covered investment" includes securities from publicly traded companies, except those in excepted investment funds or certain small business interests. Members of Congress and their families cannot purchase these investments, except for reinvesting dividends or certain occupational transactions. Violations incur fees and require selling the investment.
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