The record

LegislationLegislation· Sep 2026
HR 7008 Passed House — in Senate

Sponsored by Bryan Steil (R)

Stop Insider Trading Act

Bans Members of Congress and their families from buying stocks; requires public notice before sales.

Tradeoff

Restricts stock trading by elected officials and their spouses and dependent children to reduce insider trading risks. Costs the federal government negligible amounts to enforce.

What's in it

See official bill text

Negligible federal cost (under $500,000 over 2026-2031) with insignificant revenue increases from civil penalties.

The $500,000 is just the federal cost to enforce the rule through the House Clerk and Senate Secretary — the policy's real impact is the prohibition on Members of Congress, their spouses, and dependent children from buying or trading stocks, bonds, and derivatives while in office.

H.R. 7008, Stop Insider Trading Act · Mar 2026

The House passed this 232-198 on July 22, 2026. A failed 211-218 the same day. The Senate tried to advance it on September 30, 2026. on the failed 53-47, leaving the bill stalled in the Senate.

  1. House

    Introduced

    (Jan 12, 2026)

  2. House

    Committee on House Administration(Jan 12, 2026)

  3. House

    The Committee on House Administration voted to send it to the floor

    Reported 7 - 4(Jan 14, 2026)

    Committee report H. Rept. 119-479.

  4. House

    On

    Failed(Roll #279 · Jul 22, 2026)

    211 yeanay 218
  5. House

    Passage of the bill

    Passed(Roll #280 · Jul 22, 2026)

    232 yeanay 198
  6. Senate

    Received from the House

    Received(Jul 23, 2026)

  7. Senate

    On on the

    Motion to Invoke Cloture on the Motion to Proceed: H.R. 7008

    Cloture on the Motion to Proceed Rejected(Roll #253 · Sep 30, 2026)

    53 yeanay 47

Passage votes so far· Jul 22, 2026· 119th Congress · 2025–2027