H.R. 7008 Congress 119 session
Stop Insider Trading Act
Stop Insider Trading Act 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. 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 If the individual decides not to sell the covered investment, the notice must be withdrawn.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.
Status
- Introduced
- Committee
- Floor vote
- Passed
- Enacted
Passed one chamber — last recorded action August 6, 2026
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 548.
Passage likelihood
95% Higher than most bills at this stage
This is an estimate, not a guarantee. It is computed from the signals listed below and nothing else. It does not account for leadership priorities, floor scheduling, or negotiations that are not in the public record.
What the estimate is based on
- Historical base rate About 4% of introduced federal bills are enacted.
- Current stage Passed one chamber.
- Cosponsors 93 cosponsors.
- Bipartisan cosponsorship Cosponsors come from 3 parties.
State-level impact
State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.
Official actions
- Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 548.
- Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
- Received in the Senate.
- Motion to reconsider laid on the table Agreed to without objection.
- On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280). (text of amendment in the nature of a substitute: CR H5143-5144)
- Passed/agreed to in House: On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280).
- On motion to recommit Failed by the Yeas and Nays: 211 - 218 (Roll no. 279).
- Considered as unfinished business. (consideration: CR H5157-5158)
- 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.
- The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
- Mr. Magaziner moved to recommit to the Committee on House Administration. (text: CR H5152)
- The previous question was ordered pursuant to the rule.
- DEBATE - The House proceeded with one hour of debate on H.R. 7008.
- 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.
- Considered under the provisions of rule H. Res. 1438. (consideration: CR H5143-5153)
- 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.
- Placed on the Union Calendar, Calendar No. 409.
- Reported (Amended) by the Committee on House Administration. H. Rept. 119-479.
- Reported (Amended) by the Committee on House Administration. H. Rept. 119-479.
- Ordered to be Reported (Amended) by the Yeas and Nays: 7 - 4.
- Committee Consideration and Mark-up Session Held
- Referred to the House Committee on House Administration.
- Introduced in House
- Introduced in House