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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 If the individual decides not to sell the covered investment, the notice must be withdrawn.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.
Written by the nonpartisan Congressional Research Service, describing H.R. 7008 as reported to House on Feb 3, 2026. It is not the text of the measure; a later amendment may have changed what it does.
Jul 22, 2026Each bar: ✓ Yea from the bottom, ✕ Nay aboveSep 30, 2026
House Jul 22, 2026 · the primary vote
Stop Insider Trading Act
Passed
232 Yea 198 Nay 1 not voting
Party-line vote 13 of 430 voting members broke with their own party: 13 Democrats.
DemocratsIndependentsRepublicansFilled: YeaRing: NayGrey: not voting or present
431 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 7008 and vote against it. 72 signed when it was filed.
Organizations that named H.R. 7008 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
32 disclosures name this measure. Retrieved from LDA.gov on 2026-10-25. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.