House Floor·Last action 78 days ago

HR7008 Targets Insider Trading in Congress

Officially: Stop Insider Trading Act

HR7008 aims to stop insider trading by lawmakers. Affects members of Congress by restricting stock trades. The bill is currently in committee.

Where it stands

floor_pending

Your representatives are deciding where they stand. A few messages can tip the balance.

What this bill actually does

Stock Trading Restrictions: Limits the ability of Congress members to trade stocks based on non-public information.
Transparency Measures: Requires disclosure of financial activities by lawmakers to ensure accountability.

↓ Why your message matters here

This bill is moving through Congress right now — your representative needs to hear from you.

The debate

What people are saying about this bill

✓Arguments in support

Prevents insider trading abuse: By banning new stock purchases, it eliminates opportunities for members to use privileged information for personal gain.
Increases transparency: The requirement for advance public notice of sales allows for scrutiny and deters suspiciously timed trades.
Covers family to close loopholes: Including spouses and dependents prevents indirect trading advantages.

✕Arguments against

Fails to ban existing holdings or sales: Members can keep their current stocks and sell them eventually, which critics say doesn't fully address insider trading concerns.
Notice loophole for evasion: The 14-day window and withdrawal option could allow members to time sales based on favorable market movements.
Narrow scope misses broader reforms: The bill doesn't require full divestiture or blind trusts, which some argue are necessary for true reform.

Where this bill is in the process

Legislative timeline

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Introduced

Introduced in House

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House Committee

Under House committee consideration

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House Floor Vote

Voted on by House

Latest: Placed on the Union Calendar, Calendar No. 409. (2/3/2026)

FEB 3

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Passed House

Approved by House

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Senate Review

Sent to Senate for consideration

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Passed Both Chambers

Approved by both House and Senate

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Signed into Law

Signed by the President

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HR7008 Targets Insider Trading in Congress

What people are saying about this bill

Legislative timeline

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