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H.R. 7008 House Congress

Stop Insider Trading Act

Introduced
Jan 12, 2026
Sponsor
Rep. Steil, Bryan (R-WI-1)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: motion to reconsider laid on the table agreed to without objection on Jul 22, 2026.

  1. House Introduced in House Jan 12, 2026
  2. House Referred to the House Committee on House Administration. Jan 12, 2026
  3. House Committee Consideration and Mark-up Session Held Jan 14, 2026
  4. House Ordered to be Reported (Amended) by the Yeas and Nays: 7 - 4. Jan 14, 2026
  5. House Reported (Amended) by the Committee on House Administration. H. Rept. 119-479. Feb 3, 2026
  6. House Placed on the Union Calendar, Calendar No. 409. Feb 3, 2026
  7. House Rules Committee Resolution H. Res. 1438 Reported to House. Rule provides for consideration of H.R. 8800, H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955 and H.R. 9770. The resolution provides for consideration of H.R. 8800 under a structured rule and for consideration of H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955, and H.R. 9770 under a closed rule, with one hour of debate on each measure and one motion to recommit on H.R. 8800, H.R. 8884, H.R. 7008, H.R. 6955, and H.R. 9770. Jul 20, 2026
  8. House Rules Committee Resolution H. Res. 1438 Reported to House. Rule provides for consideration of H.R. 8800, H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955 and H.R. 9770. The resolution provides for consideration of H.R. 8800 under a structured rule and for consideration of H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955, and H.R. 9770 under a closed rule, with one hour of debate on each measure and one motion to recommit H.R. 8800, H.R. 8844, H.R. 7008, H.R. 6955, and H.R. 9770. Jul 20, 2026
  9. House Considered under the provisions of rule H. Res. 1438. Jul 22, 2026
  10. House Rule provides for consideration of H.R. 8800, H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955 and H.R. 9770. The resolution provides for consideration of H.R. 8800 under a structured rule and for consideration of H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955, and H.R. 9770 under a closed rule, with one hour of debate on each measure and one motion to recommit on H.R. 8800, H.R. 8884, H.R. 7008, H.R. 6955, and H.R. 9770. Jul 22, 2026
  11. House DEBATE - The House proceeded with one hour of debate on H.R. 7008. Jul 22, 2026
  12. House The previous question was ordered pursuant to the rule. Jul 22, 2026
  13. House Mr. Magaziner moved to recommit to the Committee on House Administration. Jul 22, 2026
  14. House The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX. Jul 22, 2026
  15. House POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 7008, the Chair put the question on motion to recommit and by voice vote, announced the ayes had prevailed. Mr. Steil demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced. Jul 22, 2026
  16. House Considered as unfinished business. Jul 22, 2026
  17. House On motion to recommit Failed by the Yeas and Nays: 211 - 218 (Roll no. 279). Jul 22, 2026
  18. House Passed/agreed to in House: On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280). Jul 22, 2026
  19. House On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280). Jul 22, 2026
  20. House Motion to reconsider laid on the table Agreed to without objection. Jul 22, 2026
  21. House
    On Motion to Recommit Jul 22, 2026
    Defeated Yea 211 Nay 218 Roll Call
  22. House Latest vote
    On Passage Jul 22, 2026
    Agreed Yea 232 Nay 198 Roll Call

Cosponsors

93

Subjects

Family relationshipsFinancial services and investmentsGovernment ethics and transparency, public corruptionGovernment information and archivesMembers of CongressSecurities

Committees

  • Committee on House Administration
    • [Unknown, Jul 22, 2026]
    • [Unknown, Jul 22, 2026]
    • [Reported By, Feb 3, 2026]
    • [Markup By, Jan 14, 2026]
    • [Referred To, Jan 12, 2026]

Summary

Stop Insider Trading ActThis bill generally prohibits Members of Congress and their spouses and dependent children from purchasing stocks and requires public notice before these individuals may sell stocks.Specifically, Members of Congress and the spouses and dependent children of Members of Congress may not purchase covered investments. Between 7 and 14 days before a Member or a covered spouse or dependent sells a covered investment, the relevant Member must file public notice of the intent to sell with the Clerk of the House of Representatives or the Secretary of the Senate, as appropriate. The Clerk or Secretary must publish this notice online. If the individual decides not to sell the covered investment, the notice must be withdrawn.Under the bill, a covered investment is a security issued by a publicly traded company or a comparable economic interest. Some investments are exempt, including interest in a widely held investment fund and certain investments held in a trust.Violations of these provisions are subject to a fee and, in the case of a purchase, a requirement to sell the covered investment. The fee must equal (1) the greater of $2,000 or 10% of the transaction value, and (2) any net gain realized from the transaction during a specified period. The fee may not be paid using campaign donations or Members’ official allowances.Certain transactions by covered spouses and dependents are exempt, including transactions made on behalf of another person or made as part of compensation from the individual’s employer.

[Summary as of: Reported to House]

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