H.R. 7008 — Stop Insider Trading Act

In plain terms · AI-written

Would ban members of Congress and their families from buying stocks and require public notice before they sell stocks.

What it does · Congressional Research Service

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 If the individual decides not to sell the covered investment, the notice must be withdrawn.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.

The “Reported to House” summary, Feb 3, 2026. Read it in full on congress.gov.

The record

Chamber: U.S. House
Status: Passed House — Passed the House. The Senate has not voted on it, so it is not close to becoming law.
Sponsor: Rep. Steil, Bryan [R-WI-1]
Introduced: Jan 12, 2026
Latest action: Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 53 - 47. Record Vote Number: 253. (Sep 30, 2026)
Subjects: Congress

Recorded floor votes

Cloture on the Motion to Proceed Rejected — On Cloture on the Motion to Proceed H.R. 7008 (Sep 30, 2026, 53–47, Senate)
Passed — On Passage (Jul 22, 2026, 232–198, House)
Failed — On Motion to Recommit (Jul 22, 2026, 211–218, House)

Procedural and amendment votes included.

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Data via the ElectedConnect API. Official record.