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H.R.7008

Stop Insider Trading Act

Introduced·1/12/26

Stop Insider Trading Act restricts stock purchases and sales for Members of Congress and their families.

The Stop Insider Trading Act aims to prevent insider trading by Members of Congress and their families. It prohibits Members of Congress, their spouses, and dependent children from purchasing covered investments, which include securities of publicly traded companies and certain funds. The act also mandates that Members of Congress publicly disclose any intended sale of covered investments at least 7 days before the sale. Violations result in fines and potential referral to the Department of Justice. The act takes effect 180 days after enactment.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
In committee
Next
Committee decision

Sponsors

DDI
3
91
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Democratic CaucusRepublican Caucus

Calendar

Jul 20

2:00 PM

House Committee on Rules Hearing

History

Jul 20

House

Rules Committee Resolution H. Res. 1438 Reported to House. Rule provides for consideration of H.R. 8800, H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955 and H.R. 9770. The resolution provides for consideration of H.R. 8800 under a structured rule and for consideration of H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955, and H.R. 9770 under a closed rule, with one hour of debate on each measure and one motion to recommit on H.R. 8800, H.R. 8884, H.R. 7008, H.R. 6955, and H.R. 9770.

Feb 3

House

Reported (Amended) by the Committee on House Administration. H. Rept. 119-479.

Feb 3

House

Placed on the Union Calendar, Calendar No. 409.