Legislative status and floor consideration

As of July 20, 2026, HR 7008, the Stop Insider Trading Act, is positioned for floor action following the reporting of House Resolution 1438. This resolution establishes the parameters for the bill's consideration, placing it under a closed rule. The legislative path outlined by the Rules Committee provides for one hour of debate on the measure and allows for one motion to recommit.

Proposed restrictions on congressional stock activity

The Stop Insider Trading Act seeks to regulate the financial holdings and trading activities of members of Congress, as well as their spouses and dependent children. The core provisions of the bill include:

  • Prohibition on purchases: Members of Congress and their immediate family members (spouses and dependent children) would be prohibited from purchasing "covered investments."

  • Mandatory notice for sales: Before selling a covered investment, a member must file a public notice of intent to sell with the Clerk of the House or the Secretary of the Senate. This notice must be filed between 7 and 14 days prior to the transaction.

  • Public disclosure: The Clerk or Secretary is required to publish these notices online. If a planned sale does not proceed, the member must formally withdraw the notice.

The bill defines a "covered investment" as a security issued by a publicly traded company or a comparable economic interest. Certain exemptions are provided, such as interests in widely held investment funds and specific investments held in a trust.

Provision review and analysis

LawLinter’s provision review for HR 7008 currently indicates a "low" signal, meaning the review process has not identified significant unrelated or partially related legislative riders within the text.

  • Review stability: The bill has undergone two published review versions.

  • Scope of findings: There are currently no source-linked concerns or findings identified by the review process.

It is important to note that the provision-review signal is based on the peak risk identified in the most recent published version. These findings are intended as a research aid and do not constitute legal conclusions or evidence of legislative intent. Readers should verify the specific bill text against official records to confirm the scope of the proposed regulatory changes.

See it here: https://lawlinter.com/bills/119/hr/7008/provision-review