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House Committee Advances GOP-Backed Stock Trading Restrictions
The GOP bill bans members and many family members from buying new stocks, mandates public sale notices, and fines violators up to 10% of transaction value, aiming to restore trust in Congress.
- On Jan. 14, the House Administration Committee advanced the Stop Insider Trading Act and reported it to the full House, with backing from House GOP leadership including House Speaker Mike Johnson, R-La.
- The Stop Insider Trading Act would bar lawmakers from buying individual stocks while allowing members of Congress to keep and sell holdings with seven to 14 days' public notice and permit spouses and dependent children to trade, exempting cryptocurrency and commodities.
- Democrats on the panel offered seven amendments, six were rejected and one withdrawn, while the House Administration Committee vote, 7–4, reported the bill amid partisan debate.
- Under the bill's penalty scheme, violators could be fined $2,000 or 10 percent of the transaction and forfeit any net gains, but government watchdog groups called it insufficient and CREW described it as a "joke".
- Committee leaders said the bill could reach the House floor in the coming weeks, with Majority Leader Steve Scalise, R-La., urging swift action after momentum rose in 2025 following more than two dozen STOCK Act disclosure violations.
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Senator Gillibrand introduces bill ending stock ownership and trading for members of Congress
Sen. Kirsten Gillibrand introduced a bill to ban congressional stock trading. The "Restore Trust in Congress Act," introduced alongside Republican Sen. Ashley Moody of Florida, aims to prohibit stock ownership and trading for members of Congress and their immediate family members.
·Rochester, United States
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Gillibrand introduces ban on congressional stock trading
U.S. Sen. Kirsten Gillibrand of New York introduced a bill that would prohibit House and Senate members and their families from owning or trading individual stocks, in an effort to prevent lawmakers from using privileged information to get rich.
·Albany, United States
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Coverage Details
Total News Sources54
Leaning Left8Leaning Right5Center33Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
L 17%
C 72%
11%
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