← Back to recent legislative activity
H.R. 7008

Stop Insider Trading Act

📅 Sep 30, 2026
Summary:
• Prohibits Members of Congress, their spouses, and dependent children from purchasing stocks and securities of publicly traded companies
• Requires 7-14 days advance public notice before any covered individual can sell existing stocks or securities
• Establishes monetary penalties for violations, including fees of $2,000 or 10% of transaction value (whichever is greater) plus any net gains realized
Additional Details:
• Provides exceptions for diversified investment funds, small business interests, certain trusts, and transactions made for occupational purposes or reinvesting dividends
• Requires violators who made prohibited purchases to sell the covered investment and prohibits Members from using official allowances or campaign contributions to pay penalties
• Takes effect 180 days after enactment and allows supervising ethics offices to refer Members to the Department of Justice if they resign or retire before paying assessed fees
View Full Bill on Congress.gov →

Data from the Congress.gov API. AI summaries have not yet been reviewed by humans.