Stop Insider Trading Act

U.S. Congress · HR7008 · Introduced

Progression

Timing in context

Primary sponsor's contributions received (same period)

Adjacency in time is shown for context; it is not evidence of cause. Funded ≠ false — see the methodology.

What the bill says

HR7008 · U.S. Congress · Introduced

Introduced 2026-01-12. Latest action: Received in the Senate.

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Summary (plain-language)

Stop Insider Trading Act 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 If the individual decides not to sell the covered investment, the notice must be withdrawn.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.

Sponsors

Text versions

  • Introduced in House — 2026-01-12 — XML
  • Reported in House — 2026-02-03 — XML
  • Engrossed in House — 2026-07-22 — XML

What analysts say

CBO cost estimates

  • H.R. 7008, Stop Insider Trading Act — 2026-03-19
    The Committee has requested but not received a cost estimate from the Director of the Congressional Budget Office. However, pursuant to clause 3(d)(1)…

    The Committee has requested but not received a cost estimate from the Director of the Congressional Budget Office. However, pursuant to clause 3(d)(1) of House rule XIII, the Committee will adopt as its own the cost estimate by the Director of the Congressional Budget Office once it has been prepared.

    New Budget Authority, Entitlement Authority, and Tax Expenditures

    The Committee has requested but not received an estimate from the Director of the Congressional Budget Office. However, pursuant to clause 3(c)(2) of rule XIII of the Rules of the House of Representatives, once an estimate has been prepared by the Director of the Congressional Budget Office, as required by section 402 of the Congressional Budget Act of 1973, the Committee will adopt as its own the estimate of new budget authority, entitlement authority, or tax expenditures or revenues contained in the cost estimate.

    CBO cost-estimate text quoted from the committee report on GovInfo (public domain).

Committee reports

What politicians say

No linked claims or utterances yet — no one on record has cited this measure to justify a public argument.

Action History

DateAction
2026-07-23Received in the Senate.
2026-07-22Considered under the provisions of rule H. Res. 1438.
2026-07-22Rule provides for consideration of H.R. 8800, H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955 and H.R. 9770. The resolution provides for consideration of H.R. 8800 under a structured rule and for consideration of H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955, and H.R. 9770 under a closed rule, with one hour of debate on each measure and one motion to recommit on H.R. 8800, H.R. 8884, H.R. 7008, H.R. 6955, and H.R. 9770.
2026-07-22DEBATE - The House proceeded with one hour of debate on H.R. 7008.
2026-07-22The previous question was ordered pursuant to the rule.
2026-07-22Mr. Magaziner moved to recommit to the Committee on House Administration.
2026-07-22The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
2026-07-22POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 7008, the Chair put the question on motion to recommit and by voice vote, announced the ayes had prevailed. Mr. Steil demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
2026-07-22Considered as unfinished business.
2026-07-22On motion to recommit Failed by the Yeas and Nays: 211 - 218 (Roll no. 279).
2026-07-22Passed/agreed to in House: On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280).
2026-07-22On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280).
2026-07-22Motion to reconsider laid on the table Agreed to without objection.
2026-07-20Rules Committee Resolution H. Res. 1438 Reported to House. Rule provides for consideration of H.R. 8800, H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955 and H.R. 9770. The resolution provides for consideration of H.R. 8800 under a structured rule and for consideration of H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955, and H.R. 9770 under a closed rule, with one hour of debate on each measure and one motion to recommit on H.R. 8800, H.R. 8884, H.R. 7008, H.R. 6955, and H.R. 9770.
2026-02-03Reported (Amended) by the Committee on House Administration. H. Rept. 119-479.
2026-02-03Placed on the Union Calendar, Calendar No. 409.
2026-01-14Committee Consideration and Mark-up Session Held
2026-01-14Ordered to be Reported (Amended) by the Yeas and Nays: 7 - 4.
2026-01-12Introduced in House
2026-01-12Referred to the House Committee on House Administration.

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