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2w ago

House Passes Stop Insider Trading Act That Bars New Stock Purchases by Lawmakers

The vote gives Republicans a ready campaign message; the bill’s voter‑ID attachment and narrow limits make Senate passage unlikely.

Traders work on the floor of the New York Stock Exchange on July 8.
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Overview

  • The House approved H.R. 7008, the Stop Insider Trading Act, in a 232-198 vote on Wednesday, July 22, 2026, with 13 Democrats joining Republicans.
  • The bill bars members of Congress, their spouses, and dependent children from buying individual stocks while in office but allows them to keep and sell existing holdings.
  • Lawmakers would have to publicly notify planned stock sales at least seven days and no more than 14 days before a transaction, and penalties for disclosure violations rise to $2,000 or 10% of the trade’s value.
  • Republican leaders added voter‑ID provisions from the SAVE Act to the measure, a move that split Democrats, turned the package partisan, and reduced the chance it can clear the 60‑vote threshold in the Senate.
  • Ethics groups and many Democrats say the bill leaves key loopholes by permitting ownership and sales of current stocks and excluding the president, while supporters call the measure a partial step to restore public trust and a messaging win ahead of the midterms.