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Stop Insider Trading Act (HR7008)

Score:

55

%

Federal

2026

Latest Action:

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

Updated:

August 6, 2026

Chamber:

House

This bill would ban Members of Congress, their spouses, and dependent children from buying new individual stocks while in office, aiming to prevent conflicts of interest and increase public trust. They would not be required to sell any stock they already own, but they would be obligated to publicly announce any plans to sell stocks 7-14 days in advance. They could still invest in mutual funds, small businesses, or use blind trusts. Breaking these rules would result in a fine of at least $2,000 or 10% of the transaction—whichever is greater—and the violator would forfeit any profits. Government or campaign funds couldn’t be used to pay fines. *On July 20, 2026, an amendment was passed by the House Rules Committee that incorporated a national voter ID requirement, a key aspect of the SAVE America Act (HR 7296), into this bill. That requirement would take effect 90 days after enactment and apply to both in-person and mail voting. NOTE: This amendment was not part of the bill when it was originally posted in the Voatz app.

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