{"format":1,"id":"119-hr-7008","congress":119,"number":"H.R. 7008","kind":"bill","group":"bills","title":"Stop Insider Trading Act","title_source":"Short Title(s) as Passed House","official_title":"To amend chapter 131 of title 5 to require certain restrictions on stocks for Members of Congress and their spouses and dependents, and for other purposes.","titles":[{"type":"Official Title as Introduced","title":"To amend chapter 131 of title 5 to require certain restrictions on stocks for Members of Congress and their spouses and dependents, and for other purposes."},{"type":"Short Title(s) from PCS (Placed on Senate Calendar) bill text","title":"Stop Insider Trading Act"},{"type":"Short Title(s) as Passed House","title":"Stop Insider Trading Act"},{"type":"Official Title from EH (Engrossed in House) bill text","title":"To amend chapter 131 of title 5 to require certain restrictions on stocks for Members of Congress and their spouses and dependents, and for other purposes."},{"type":"Short Title(s) as Reported to House","title":"Stop Insider Trading Act"},{"type":"Short Title(s) as Introduced","title":"Stop Insider Trading Act"},{"type":"Display Title","title":"Stop Insider Trading Act"}],"outcome":"passed_house","law_number":null,"introduced":"2026-01-12","chambers":{"house":{"status":"roll_call","date":"2026-07-22","vote":{"id":"119-2026-h280","question":"On Passage","title":"Stop Insider Trading Act","result":"Passed","yea":232,"nay":198,"present":0,"not_voting":1,"source":"https://clerk.house.gov/evs/2026/roll280.xml"}},"senate":{"status":"pending","date":null,"vote":null}},"president":{"status":"not_yet","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 53 - 47. Record Vote Number: 253.","date":"2026-09-30"},"nominees":null,"amendments":[],"other_votes":[{"chamber":"house","date":"2026-07-22","question":"On Motion to Recommit","title":"Stop Insider Trading Act","result":"Failed","yea":211,"nay":218,"present":0,"not_voting":2,"kind":"procedural","source":"https://clerk.house.gov/evs/2026/roll279.xml"},{"chamber":"senate","date":"2026-09-30","question":"On Cloture on the Motion to Proceed","title":"Motion to Invoke Cloture on the Motion to Proceed: H.R. 7008","result":"Cloture on the Motion to Proceed Rejected","yea":53,"nay":47,"present":0,"not_voting":0,"kind":"procedural","source":"https://www.senate.gov/legislative/LIS/roll_call_votes/vote1192/vote_119_2_00253.xml"}],"crs_summary":{"date":"2026-02-03","stage":"Reported to House","blocks":[{"k":"h","t":"Stop Insider Trading Act"},{"k":"p","t":"This 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."},{"k":"p","t":"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."},{"k":"p","t":"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."},{"k":"p","t":"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."},{"k":"p","t":"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."}],"words":249},"summary":{"main_subject":{"text":"Restricts stock purchases and sales by Members of Congress and their spouses and dependent children, and requires photo identification for voting in elections for Federal office.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text/eh#HA58E72CEE98B48909A9A346FCD86AD10"},{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text/eh#H65F75FB58ADD4C81AF5DE6B13BDBF36E"}]},"core_areas":["Stock purchase and sale restrictions for Members of Congress and their families","Photo identification requirements for voting in Federal elections"],"what_it_does":[{"text":"Bars a Member of Congress, or a spouse or dependent child of a Member, from purchasing a covered investment, meaning a security of a publicly traded company or a comparable interest acquired through derivatives, with listed exceptions.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text/eh#HA58E72CEE98B48909A9A346FCD86AD10"}},{"text":"Requires a Member to file a notice of intent to sell a covered investment with the Clerk of the House of Representatives or the Secretary of the Senate, made public at least 7 and no more than 14 calendar days before the sale.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text/eh#HA58E72CEE98B48909A9A346FCD86AD10"}},{"text":"Sets a fee for a violation equal to $2,000 or ten percent of the transaction value, whichever is greater, plus any net gain realized, and requires sale of an investment purchased in violation.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text/eh#HA58E72CEE98B48909A9A346FCD86AD10"}},{"text":"Prohibits a Member from paying these fees from the Members' Representational Allowance, the Senators' Official Personnel and Office Expense Account, or campaign contributions and other donations received in support of the Member's activities as a holder of Federal office.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text/eh#HA58E72CEE98B48909A9A346FCD86AD10"}},{"text":"Bars State or local election officials from giving a ballot in a Federal election to an in-person voter who does not present a valid physical photo identification; the voter may cast a provisional ballot and present identification or a religious-objection affidavit within 3 days.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text/eh#H65F75FB58ADD4C81AF5DE6B13BDBF36E"}},{"text":"Bars officials from accepting a ballot cast other than in person unless the voter submits a copy of a valid photo identification, the last four digits of a Social Security number with an affidavit, or a notarization, with exceptions for absent uniformed services voters and certain other voters.","cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text/eh#H65F75FB58ADD4C81AF5DE6B13BDBF36E"}}],"unexpected":[{"category":"selective_carve_out","items":[{"cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text/eh#HA58E72CEE98B48909A9A346FCD86AD10"},"heading":"Restrictions on covered investments","effect":"Allows a spouse or dependent child of a Member of Congress to trade covered investments despite the purchase ban and advance-notice rule when the trade is part of their primary occupation, employer compensation, or fiduciary or occupational duties.","amount":null,"quote":"Notwithstanding subsections (a) and (b), a spouse or dependent child of a Member of Congress may trade any covered investment if such covered investment is—"},{"cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text/eh#H65F75FB58ADD4C81AF5DE6B13BDBF36E"},"heading":"Requiring voters to provide photo identification","effect":"Exempts ballots from absent uniformed services voters and from individuals given the right to vote other than in person under a named federal accessibility law from the photo identification requirements for voting other than in person.","amount":null,"quote":"Subparagraph (A) does not apply with respect to a ballot provided by—"}]}],"version":{"type":"Engrossed in House","date":"2026-07-22","rule":"passed","href":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-01","approved_by":"desk"},"sources":{"congress_gov":"https://www.congress.gov/bill/119th-congress/house-bill/7008","text":"https://www.congress.gov/bill/119th-congress/house-bill/7008/text"},"card":{"image":"card/item/119-hr-7008.png","v":"af1246c9a899","alt":"Votes on Record. H.R. 7008, 119th Congress: Stop Insider Trading Act. House: 232 Yea, 198 Nay. Senate: not yet considered. Outcome: Passed House, 22 Jul 2026."}}