The House of Representatives passed a bill on July 22, 2026, aimed at regulating stock trades by lawmakers, requiring a seven-day public notice before a lawmaker, their spouse, or dependent can sell stock. The vote was 232-198, with 199 Democrats opposing the measure. The bill, known as the Stop Insider Trading Act, retains provisions allowing lawmakers to keep their existing stock holdings, which has been criticized by Democrats. Additionally, the legislation includes voter ID requirements, which many Democrats oppose. Thirteen Democrats supported the bill, alongside all Republicans and one Independent, Rep. Kevin Kiley (I-CA). Some Republicans urged Democrats to support the bill, while others criticized the inclusion of voter ID as a tactic to gain political advantage in upcoming elections. The bill is unlikely to pass in the Senate due to the voter ID provisions. Previous legislation, the Stop Trading on Congressional Knowledge Act of 2012, prohibits insider trading but has not effectively penalized violations.
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House Passes GOP Bill on Stock Trading with Opposition from Nearly 200 Democrats
On July 22, 2026, the House passed the Stop Insider Trading Act with a vote of 232-198, facing opposition from 199 Democrats. The bill includes a requirement for public notice before lawmakers can sell stock and voter ID provisions, which many Democrats oppose. The legislation's future in the Senate is uncertain due to these provisions.
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Rep. Thomas Massie (R-KY)
Rep. Byron Donalds (R-FL)
House Speaker Mike Johnson (R-LA)
Rep. Seth Magaziner (D-RI)
Rep. Pramila Jayapal (D-WA)
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Nearly 200 Democrats oppose GOP-led stock trade curb
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House Passes GOP Bill on Stock Trading with Opposition from Nearly 200 Democrats