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CIVIC HERALD
HR 7008 · 119th Congress · HouseOther

Stop Insider Trading Act

Provisional: our plain-language summary, pending review.

In plain language: Members of Congress, their spouses, and dependent children would be barred from buying individual company stocks, and they would have to give 7 to 14 days of advance public notice before selling any shares they already own. Lawmakers who violate these investment rules would face personal fines of at least $2,000 plus any profits made, which cannot be paid using campaign donations or taxpayer-funded office accounts. Additionally, the measure establishes nationwide photo identification requirements for federal elections, requiring voters to present an approved government photo ID at the polls or submit an ID copy, Social Security affidavit, or notary signature with mail-in ballots.

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Provisionalunreviewed: impact, provisions, stakeholders, summary
People affected—The bill directly regulates all individuals voting in federal elections nationwide as well as all Members of Congress and their spouses and dependent children, but the text contains no quantified count of these populations.
Fiscal magnitude—The bill establishes a civil penalty of at least $2,000 (or 10% of transaction value plus net gain) for congressional trading violations, but does not specify total revenue estimates or appropriate any federal funds.
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provisional · pending review82rigor: heuristic llm
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Issues

What this bill touches.

Election rules−65Federal vs. state/local+55Ethics & oversight+60

The sign shows the bill's direction on each issue (+ toward, − away); the number is its magnitude. Color never encodes good or bad, and never party.

Who it affects

Who it helps · who it burdens.

Provisional: our reading of who it affects, pending review.

Who it helps

  • Voters needing copies of photo identificationGain free public access to digital imaging devices (printers, copiers, and scanners) at government buildings like libraries, courts, and police stations to copy their photo identification for voting (Sec. 3(a)(1)(303A)(b)).provisional

Who it burdens

  • Members of CongressProhibited from purchasing covered investments such as publicly traded stocks and derivatives, required to give 7 to 14 days advance public notice before selling covered investments, and subject to personal fines and forfeiture of realized profits for violations (Sec. 2(b)(IV)(13152), Sec. 2(b)(IV)(13153)).provisional
  • Spouses and dependent children of Members of CongressRestricted from purchasing covered investments and required to have sales noticed 7 to 14 days in advance by the Member of Congress, subject to exceptions for employment compensation and occupational trading duties (Sec. 2(b)(IV)(13151)(1)(B), Sec. 2(b)(IV)(13152)).provisional
  • In-person federal election votersMust present a valid physical photo identification to obtain a standard federal election ballot, or cast a provisional ballot and present ID or a religious objection affidavit within three days (Sec. 3(a)(1)(303A)(a)(1)).provisional
  • Mail-in and absentee federal election votersMust submit a copy of an approved photo ID, provide the last four digits of their SSN along with an affidavit attesting to an inability to obtain ID, or obtain a notary seal on their ballot, unless exempt as military, overseas, or qualifying voters with disabilities (Sec. 3(a)(1)(303A)(a)(2)).provisional
  • State and local election authoritiesMust verify voter photo identification, ensure free public access to digital imaging devices in public buildings (such as courts, libraries, and police stations), and inform voter registration applicants of photo ID rules (Sec. 3(a)(1)(303A)(a)-(c)).provisional

Who backs it

  • State and local governmentsRequired to finance and provide free public access to digital imaging equipment (such as copiers, printers, and scanners) in government buildings so voters can copy their photo identification (Sec. 3(a)(1)(303A)(b)).provisional

Dollar-level funding (FEC sector totals) is coming in a later phase.

What it does

The provisions, in plain language.

Provisional: our reading of what the bill does, pending review.

Show all 10 provisions

  1. Starting 180 days after enactment, prohibits Members of Congress, their spouses, and their dependent children from purchasing publicly traded stocks, derivatives, and other covered investments.

    Sec. 2(b)(IV)(13152)(a)provisional

  2. Requires Members of Congress to publicly post a notice of intent between 7 and 14 days before they, their spouse, or their dependent child sells any covered investment.

    Sec. 2(b)(IV)(13152)(b)(1)provisional

  3. Requires Members of Congress who violate trading rules—or whose spouse or child violates them—to sell the improperly bought investment, forfeit any realized profits, and pay a fine of at least $2,000 or 10 percent of the transaction value.

    Sec. 2(b)(IV)(13153)(a)provisional

  4. Starting 90 days after enactment, requires in-person voters in federal elections to present an approved physical photo identification, or submit photo identification or a religious objection affidavit within three days of casting a provisional ballot.

    Sec. 3(a)(1)(303A)(a)(1)provisional

  5. Starting 90 days after enactment, requires voters casting mail-in or absentee ballots in federal elections to provide a copy of an approved photo identification, a signed affidavit with the last four digits of their Social Security number, or a notary seal, exempting military, overseas, and certain voters with disabilities.

    Sec. 3(a)(1)(303A)(a)(2)provisional

  6. Requires state and local governments to provide free public access to digital imaging devices, such as copiers and scanners, in government buildings like libraries, courthouses, and police stations so voters can copy their photo identification.

    Sec. 3(a)(1)(303A)(b)provisional

  7. Exempts stock trades made by a spouse or dependent child as part of their employment or job compensation from trading bans, and allows automatic dividend reinvestments.

    Sec. 2(b)(IV)(13152)(c)provisional

  8. Prohibits Members of Congress from using official congressional office allowances or campaign donations to pay fines for investment violations.

    Sec. 2(b)(IV)(13153)(c)provisional

  9. Authorizes congressional ethics offices to refer former Members of Congress to the Department of Justice for civil enforcement if they resign or retire before paying their investment violation fines.

    Sec. 2(b)(IV)(13153)(e)provisional

  10. Requires states to inform individuals of federal photo identification voting rules whenever they register to vote, including through online voter registration platforms.

    Sec. 3(a)(1)(303A)(c)provisional

  1. Starting 180 days after enactment, prohibits Members of Congress, their spouses, and their dependent children from purchasing publicly traded stocks, derivatives, and other covered investments.

    Sec. 2(b)(IV)(13152)(a)provisional

  2. Requires Members of Congress to publicly post a notice of intent between 7 and 14 days before they, their spouse, or their dependent child sells any covered investment.

    Sec. 2(b)(IV)(13152)(b)(1)provisional

  3. Requires Members of Congress who violate trading rules—or whose spouse or child violates them—to sell the improperly bought investment, forfeit any realized profits, and pay a fine of at least $2,000 or 10 percent of the transaction value.

    Sec. 2(b)(IV)(13153)(a)provisional

  4. Starting 90 days after enactment, requires in-person voters in federal elections to present an approved physical photo identification, or submit photo identification or a religious objection affidavit within three days of casting a provisional ballot.

    Sec. 3(a)(1)(303A)(a)(1)provisional

  5. Starting 90 days after enactment, requires voters casting mail-in or absentee ballots in federal elections to provide a copy of an approved photo identification, a signed affidavit with the last four digits of their Social Security number, or a notary seal, exempting military, overseas, and certain voters with disabilities.

    Sec. 3(a)(1)(303A)(a)(2)provisional

  6. Requires state and local governments to provide free public access to digital imaging devices, such as copiers and scanners, in government buildings like libraries, courthouses, and police stations so voters can copy their photo identification.

    Sec. 3(a)(1)(303A)(b)provisional

How your members of Congress line up

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The record

How members voted on Stop Insider Trading Act.

Recorded roll calls on this bill, most recent first. Open one to see each member's position.

  • House · Jul 22, 2026 · YEA-AND-NAY

    On Passage · Passed

    Source →

  • House · Jul 22, 2026 · YEA-AND-NAY

    On Motion to Recommit · Failed

    Source →

Timeline

How it moved.

Show all 22 actions
  1. Aug 6, 2026Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 548.
  2. Aug 5, 2026Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
  3. Jul 23, 2026Received in the Senate.
  4. Jul 22, 2026Motion to reconsider laid on the table Agreed to without objection.
  5. Jul 22, 2026On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280). (text of amendment in the nature of a substitute: CR H5143-5144)
  6. Jul 22, 2026Passed/agreed to in House: On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280).
  7. Jul 22, 2026On motion to recommit Failed by the Yeas and Nays: 211 - 218 (Roll no. 279).
  8. Jul 22, 2026Considered as unfinished business. (consideration: CR H5157-5158)
  9. Jul 22, 2026POSTPONED 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.
  10. Jul 22, 2026The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
  11. Jul 22, 2026Mr. Magaziner moved to recommit to the Committee on House Administration. (text: CR H5152)
  12. Jul 22, 2026The previous question was ordered pursuant to the rule.
  13. Jul 22, 2026DEBATE - The House proceeded with one hour of debate on H.R. 7008.
  14. Jul 22, 2026Rule 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.
  15. Jul 22, 2026Considered under the provisions of rule H. Res. 1438. (consideration: CR H5143-5153)
  16. Jul 20, 2026Rules 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.
  17. Feb 3, 2026Placed on the Union Calendar, Calendar No. 409.
  18. Feb 3, 2026Reported (Amended) by the Committee on House Administration. H. Rept. 119-479.
  19. Jan 14, 2026Ordered to be Reported (Amended) by the Yeas and Nays: 7 - 4.
  20. Jan 14, 2026Committee Consideration and Mark-up Session Held
  21. Jan 12, 2026Referred to the House Committee on House Administration.
  22. Jan 12, 2026Introduced in House
  1. Aug 6, 2026Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 548.
  2. Jul 22, 2026Motion to reconsider laid on the table Agreed to without objection.
  3. Jul 22, 2026On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280). (text of amendment in the nature of a substitute: CR H5143-5144)
  4. Jul 22, 2026Passed/agreed to in House: On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280).
  5. Jul 22, 2026On motion to recommit Failed by the Yeas and Nays: 211 - 218 (Roll no. 279).
  6. Jul 20, 2026Rules 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.
  7. Feb 3, 2026Reported (Amended) by the Committee on House Administration. H. Rept. 119-479.
  8. Jan 14, 2026Ordered to be Reported (Amended) by the Yeas and Nays: 7 - 4.
  9. Jan 12, 2026Introduced in House

The original text

Read it for yourself.

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Sources & provenance

Congress.govrefreshed 2 months ago

Cite this page

Civic Herald. “Stop Insider Trading Act (H.R. 7008, 119th Congress).” https://civicherald.app/bills/119-hr-7008. Congress.gov record as of Aug 20, 2026.

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