(File Photo by Kevin Mathewson, Kenosha County Eye)
WASHINGTON, D.C. — The U.S. House of Representatives on Tuesday approved legislation authored by U.S. Rep. Bryan Steil, R-Wis., that would ban members of Congress, their spouses, and dependent children from purchasing publicly traded stocks, marking one of the most significant congressional ethics reforms to clear the House in recent years.
The bill, H.R. 7008, known as the Stop Insider Trading Act, passed on a bipartisan 232-198 vote and now heads to the U.S. Senate for consideration.
Steil, who represents Wisconsin’s 1st Congressional District, said the legislation is designed to eliminate concerns that lawmakers could personally benefit from nonpublic information obtained through their official duties.
“The Stop Insider Trading Act is a major step forward for ethics reform on Capitol Hill,” Steil said in a statement. “It ensures no lawmaker can profit off of insider information. I urge my Senate colleagues to quickly take it up and send it to President Trump’s desk.”
Under the proposal, members of Congress, their spouses and dependent children would be prohibited from purchasing securities issued by publicly traded companies.
The legislation would also require lawmakers to publicly disclose any planned stock sale at least seven days, but no more than 14 days, before the transaction. The notice would be filed with the Clerk of the House or the Secretary of the Senate, allowing the public to see upcoming sales before they occur.
Violations would carry financial penalties. The bill requires the appropriate congressional ethics committee to impose a fine of $2,000 or 10 percent of the value of the covered investment, whichever is greater. In addition, any profits realized from a prohibited sale would be forfeited.
Steil introduced the legislation in January 2026 while serving as chairman of the House Administration Committee.
The issue has drawn increasing bipartisan attention in recent years, with lawmakers from both parties calling for stricter limits on congressional stock trading amid public concerns over potential conflicts of interest.
President Donald Trump also endorsed the proposal during his 2026 State of the Union address, urging Congress to pass the legislation quickly.
The measure must now be approved by the Senate before it can be sent to President Trump for his signature.
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9 Responses
I don’t trust dirty Bryan Steil! I think everyone should vote for our next Wisconsin congressman, Conner Walleck, because he a true patriot! He won’t cave to the dirty corrupt powers like Bryan STEAL!! Don’t be distracted by wolves in sheep’s clothing people!!! 🇺🇸
Reminder that the SAVE America act voter ID requirements have been added to the bill above. That’s why this bill is getting so much push out of nowhere suddenly by Republicans. This requires a passport or proof of citizenship such as a birth certificate in order to be able to vote. Your drivers license is not enough. Have to make sure we report the full story!
Yes, the voter ID portion is most important.
No! Its handing over our military to israel. This is the death of America! They all sold us out! Burn it all down!!!
Yea right 🤣
It’s a bit late…. they’ve already scooped up their bribes.
It was all for the restrictive addition so Trump can ban working people, disabled and minority voters from voting easily.
Bullshit politician corruption…. all of it.
…………….voting can’t get much easier, especially if some democrat socialist completes your ballot for you.
Dummie
If your only news sources are mainstream, you’ll never evolve past being another brainwashed human. 🤣