Proposed 'Stop Insider Trading Act' for Members of Congress

The Frame

What this does

If enacted, this amendment would restrict the personal investment activities of Members of Congress and their immediate families, requiring them to pay fines for non-compliance using personal funds rather than official office accounts.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Members of Congress

They are subject to new restrictions on purchasing and selling investments and face personal financial penalties for non-compliance.

Spouses and dependent children of Members of Congress

Their investment activities are subject to the same purchase prohibitions and sale notice requirements as the Members themselves.

What changed

Last recorded activity June 24, 2026.

What's next

Next step not available in the current record.

Summary

This proposed amendment to the annual defense authorization bill would prohibit Members of Congress, their spouses, and dependent children from purchasing publicly traded stocks and related financial instruments. It also mandates a 7-to-14-day public notice period before any sale of existing s and establishes financial penalties for violations.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

If enacted, this amendment would restrict the personal investment activities of Members of Congress and their immediate families, requiring them to pay fines for non-compliance using personal funds rather than official office accounts.

Frequently Asked Questions

Who is considered a 'covered individual' under this act?

A covered individual includes any Member of Congress, as well as their spouse or dependent child.

Can I still sell stocks I already own if this passes?

Yes, but you must file a public notice of your intent to sell between 7 and 14 days before the transaction takes place.

What happens if a Member of Congress violates these rules?

They must pay a fine of at least $2,000 or 10% of the transaction value (plus any profit made), and they must sell the prohibited investment. They cannot use campaign funds or office budgets to pay these fines.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Related Legislation

congressional_record

Senate Scheduling Update for S. 4784

The Senate has agreed to delay the vote on a cloture motion for S. 4784 until after the confirmation vote for the Schwartz nomination. This procedural

Connected Entities

organizationSecretary of the Senate“Recipient of sale notices for Senators”Map →

personMr. Sullivan“Co-sponsor”Map →

personMr. Ricketts“Senator who submitted the amendment”Map →

personMr. Grassley“Co-sponsor”Map →

organizationClerk of the House of Representatives“Recipient of sale notices for House members”Map →

personMrs. Britt“Co-sponsor”Map →

personMr. Marshall“Co-sponsor”Map →

personMr. Young“Co-sponsor”Map →

personMrs. Fischer“Co-sponsor”Map →

personMs. Lummis“Co-sponsor”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance85
How much this matters to a regular citizen
Controversy80
Intensity of disagreement among stakeholders
Entertainment40
Compellingness for a non-policy-wonk reader
Buzz75
Current news / social attention level