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H.R. 7008 · 119th Congress

Stop Insider Trading Act

Introduced Jan 12, 2026Policy area: Congress

Read the textOn Congress.gov

Status: Passed House

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Law

Latest action

: Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 53 - 47. Record Vote Number: 253.

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 If the individual decides not to sell the covered investment, the notice must be withdrawn.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

Actions

  1. Senate

    Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 53 - 47. Record Vote Number: 253.

  2. Senate

    Motion to proceed to consideration of measure withdrawn in Senate.

  3. Senate

    Cloture motion on the motion to proceed to the measure presented in Senate. (CR S5065)

  4. Senate

    Motion to proceed to consideration of measure made in Senate. (CR S5065)

  5. Senate

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 548.

  6. Senate

    Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

  7. Senate

    Received in the Senate.

  8. House

    Motion to reconsider laid on the table Agreed to without objection.

  9. House

    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. Passed/agreed to in House: On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280).

  11. House

    On motion to recommit Failed by the Yeas and Nays: 211 - 218 (Roll no. 279).

  12. House

    Considered as unfinished business. (consideration: CR H5157-5158)

Show 14 earlier actions
  1. House

    POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 7008, the Chair put the question on motion to recommit and by voice vote, announced the ayes had prevailed. Mr. Steil demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.

  2. House

    The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.

  3. House

    Mr. Magaziner moved to recommit to the Committee on House Administration. (text: CR H5152)

  4. House

    The previous question was ordered pursuant to the rule.

  5. House

    DEBATE - The House proceeded with one hour of debate on H.R. 7008.

  6. 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.

  7. House

    Considered under the provisions of rule H. Res. 1438. (consideration: CR H5143-5153)

  8. 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.

  9. House

    Placed on the Union Calendar, Calendar No. 409.

  10. House

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

  11. House

    Ordered to be Reported (Amended) by the Yeas and Nays: 7 - 4.

  12. House

    Committee Consideration and Mark-up Session Held

  13. House

    Referred to the House Committee on House Administration.

  14. Introduced in House

Roll-call votes