Stop Insider Trading Act
Sponsored By: Representative Steil
In Committee
Summary
This bill would create new limits and public disclosure rules to prevent insider trading by Members of Congress. It would ban purchases of specified public securities and synthetic interests by Members, their spouses, and dependent children and set rules for sales and enforcement.
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
Ban on purchases and sale notices
If enacted, the bill would bar covered individuals from buying covered investments while they serve in federal office. Members would have to file a public notice 7 to 14 calendar days before selling a covered investment by the Member, the Member's spouse, or dependent child. The notice would need the planned sale date, a description of the sale, and the number of shares. Some transactions would be excepted, such as certain employer or fiduciary actions, transactions done on behalf of another person, and dividend reinvestments.
Who is covered and what counts
If enacted, the bill would define who is a 'covered individual.' Covered individuals would be Members of Congress, their spouses, and dependent children. It would define 'covered investment' to include securities of publicly traded companies and similar synthetic interests like options and warrants. The bill would exclude some investments, including certain excepted funds, small business interests under the Small Business Act, and trusts where the covered person has no authority and the trustee is not a close family member.
Fees and enforcement for violations
If enacted, the bill would make a Member (or a spouse or parent in some cases) pay a fee for violating the rules. The fee would be the greater of $2,000 or 10 percent of the transaction value, plus any net gain from the investment while the person was covered. Members could not pay these fees with official office allowances or campaign money. Collected amounts would be deposited into the U.S. Treasury. Ethics offices could require sale of violating investments and may refer unpaid cases to the Department of Justice.
Rules start 180 days after enactment
If enacted, the bill's changes would take effect 180 days after the law is signed. That timing would apply to the definitions, the buy ban, the sale notice rules, and the fee and enforcement provisions. The delay would give offices and Members time to prepare before the rules apply.
Sponsors & CoSponsors
Sponsor
Steil
WI • R
Cosponsors
Hudson
NC • R
Sponsored 1/12/2026
Griffith
VA • R
Sponsored 1/12/2026
Murphy
NC • R
Sponsored 1/12/2026
Bice
OK • R
Sponsored 1/12/2026
Carey
OH • R
Sponsored 1/12/2026
Miller (IL)
IL • R
Sponsored 1/12/2026
Lee (FL)
FL • R
Sponsored 1/12/2026
Biggs (AZ)
AZ • R
Sponsored 1/12/2026
Ogles
TN • R
Sponsored 1/12/2026
Luna
FL • R
Sponsored 1/12/2026
Roy
TX • R
Sponsored 1/12/2026
Taylor
OH • R
Sponsored 1/12/2026
Van Orden
WI • R
Sponsored 1/12/2026
Bacon
NE • R
Sponsored 1/12/2026
Johnson (SD)
SD • R
Sponsored 1/12/2026
Hurd (CO)
CO • R
Sponsored 1/12/2026
Joyce (PA)
PA • R
Sponsored 1/12/2026
Collins
GA • R
Sponsored 1/12/2026
Lawler
NY • R
Sponsored 1/12/2026
Baumgartner
WA • R
Sponsored 1/12/2026
Cloud
TX • R
Sponsored 1/12/2026
Feenstra
IA • R
Sponsored 1/12/2026
Franklin, Scott
FL • R
Sponsored 1/12/2026
Mann
KS • R
Sponsored 1/12/2026
Buchanan
FL • R
Sponsored 1/12/2026
Timmons
SC • R
Sponsored 1/12/2026
Kim
CA • R
Sponsored 1/12/2026
Nunn (IA)
IA • R
Sponsored 1/12/2026
Cline
VA • R
Sponsored 1/12/2026
Crenshaw
TX • R
Sponsored 1/12/2026
Harris (MD)
MD • R
Sponsored 1/12/2026
Arrington
TX • R
Sponsored 1/12/2026
Alford
MO • R
Sponsored 1/12/2026
Yakym
IN • R
Sponsored 1/12/2026
Kennedy (UT)
UT • R
Sponsored 1/12/2026
Miller-Meeks
IA • R
Sponsored 1/12/2026
James
MI • R
Sponsored 1/12/2026
Mills
FL • R
Sponsored 1/12/2026
Cammack
FL • R
Sponsored 1/12/2026
Barrett
MI • R
Sponsored 1/12/2026
Carter (GA)
GA • R
Sponsored 1/12/2026
LaLota
NY • R
Sponsored 1/12/2026
Mackenzie
PA • R
Sponsored 1/12/2026
Schmidt
KS • R
Sponsored 1/12/2026
Fedorchak
ND • R
Sponsored 1/12/2026
Kiggans (VA)
VA • R
Sponsored 1/12/2026
Hinson
IA • R
Sponsored 1/12/2026
Rutherford
FL • R
Sponsored 1/12/2026
Smith (NJ)
NJ • R
Sponsored 1/12/2026
Ciscomani
AZ • R
Sponsored 1/12/2026
Kiley (CA)
CA • R
Sponsored 1/12/2026
Patronis
FL • R
Sponsored 1/12/2026
Houchin
IN • R
Sponsored 1/12/2026
Riley (NY)
NY • D
Sponsored 1/12/2026
Harrigan
NC • R
Sponsored 1/12/2026
Moolenaar
MI • R
Sponsored 1/12/2026
Perry
PA • R
Sponsored 1/12/2026
Bean (FL)
FL • R
Sponsored 1/12/2026
Flood
NE • R
Sponsored 1/12/2026
Self
TX • R
Sponsored 1/12/2026
Bresnahan
PA • R
Sponsored 1/12/2026
Huizenga
MI • R
Sponsored 1/12/2026
Bergman
MI • R
Sponsored 1/12/2026
Messmer
IN • R
Sponsored 1/12/2026
Tiffany
WI • R
Sponsored 1/12/2026
Grothman
WI • R
Sponsored 1/12/2026
Fitzgerald
WI • R
Sponsored 1/12/2026
Smucker
PA • R
Sponsored 1/12/2026
Strong
AL • R
Sponsored 1/12/2026
Miller (OH)
OH • R
Sponsored 1/12/2026
McDowell
NC • R
Sponsored 1/12/2026
Wagner
MO • R
Sponsored 1/12/2026
Begich
AK • R
Sponsored 1/13/2026
Crane
AZ • R
Sponsored 1/13/2026
LaHood
IL • R
Sponsored 1/13/2026
Rogers (AL)
AL • R
Sponsored 1/13/2026
Tenney
NY • R
Sponsored 1/13/2026
Mast
FL • R
Sponsored 1/13/2026
Gosar
AZ • R
Sponsored 1/13/2026
Ellzey
TX • R
Sponsored 1/13/2026
Fallon
TX • R
Sponsored 1/13/2026
Langworthy
NY • R
Sponsored 1/13/2026
Downing
MT • R
Sponsored 1/13/2026
Webster (FL)
FL • R
Sponsored 1/13/2026
Fong
CA • R
Sponsored 1/20/2026
Crank
CO • R
Sponsored 1/20/2026
Bentz
OR • R
Sponsored 1/21/2026
McCormick
GA • R
Sponsored 1/21/2026
Haridopolos
FL • R
Sponsored 1/21/2026
Guest
MS • R
Sponsored 1/22/2026
Case
HI • D
Sponsored 1/27/2026
Van Epps
TN • R
Sponsored 1/27/2026
Evans (CO)
CO • R
Sponsored 1/27/2026
Roll Call Votes
No roll call votes available for this bill.
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