Members of Congress, spouses, and dependent children generally could not buy most individual public company stocks while the Member is in office. They would also have to give public notice before selling covered stocks, and violations could bring personal fines.
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Stop Insider Trading Act is a House bill waiting for floor action. The latest recorded action: Placed on the Union Calendar, Calendar No. 409.
Latest action on H.R. 7008: Placed on the Union Calendar, Calendar No. 409.
Who this affects: This bill mainly affects Members of Congress and the people in their household. It would change what they can buy, how they can sell, and how they must report some investment activity while the Member is in office.
Why this matters: This bill matters because lawmakers can make decisions that affect companies, markets, and the economy while also holding investments. The bill tries to reduce that conflict by limiting new purchases of individual public company stocks. It also gives the public advance notice before covered sales. How much it changes behavior or public trust would depend on enforcement and how Members arrange their finances.
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