IB 
Union Calendar No. 409 
119TH CONGRESS 
2D SESSION 
H. R. 7008 
[Report No. 119–479] 
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. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 12, 2026 
Mr. STEIL (for himself, Mr. HUDSON, Mr. GRIFFITH, Mr. MURPHY, Mrs. 
BICE, Mr. CAREY, Mrs. MILLER of Illinois, Ms. LEE of Florida, Mr. 
BIGGS of Arizona, Mr. OGLES, Mrs. LUNA, Mr. ROY, Mr. TAYLOR, Mr. 
VAN ORDEN, Mr. BACON, Mr. JOHNSON of South Dakota, Mr. HURD of 
Colorado, Mr. JOYCE of Pennsylvania, Mr. COLLINS, Mr. LAWLER, Mr. 
BAUMGARTNER, Mr. CLOUD, Mr. FEENSTRA, Mr. SCOTT FRANKLIN of 
Florida, Mr. MANN, Mr. BUCHANAN, Mr. TIMMONS, Mrs. KIM, Mr. 
NUNN of Iowa, Mr. CLINE, Mr. CRENSHAW, Mr. HARRIS of Maryland, 
Mr. ARRINGTON, Mr. ALFORD, Mr. YAKYM, Mr. KENNEDY of Utah, Mrs. 
MILLER-MEEKS, Mr. JAMES, Mr. MILLS, Mrs. CAMMACK, Mr. BARRETT, 
Mr. CARTER of Georgia, Mr. LALOTA, Mr. MACKENZIE, Mr. SCHMIDT, 
Ms. FEDORCHAK, Mrs. KIGGANS of Virginia, Mrs. HINSON, Mr. RUTHER-
FORD, Mr. SMITH of New Jersey, Mr. CISCOMANI, Mr. KILEY of Cali-
fornia, Mr. PATRONIS, Mrs. HOUCHIN, Mr. RILEY of New York, Mr. 
HARRIGAN, Mr. MOOLENAAR, Mr. PERRY, Mr. BEAN of Florida, Mr. 
FLOOD, Mr. SELF, Mr. BRESNAHAN, Mr. HUIZENGA, Mr. BERGMAN, Mr. 
MESSMER, Mr. TIFFANY, Mr. GROTHMAN, Mr. FITZGERALD, Mr. 
SMUCKER, Mr. STRONG, Mr. MILLER of Ohio, Mr. MCDOWELL, and Mrs. 
WAGNER) introduced the following bill; which was referred to the Com-
mittee on House Administration 
FEBRUARY 3, 2026 
Additional sponsors: Mr. BEGICH, Mr. CRANE, Mr. LAHOOD, Mr. ROGERS of 
Alabama, Ms. TENNEY, Mr. MAST, Mr. GOSAR, Mr. ELLZEY, Mr. 
FALLON, Mr. LANGWORTHY, Mr. DOWNING, Mr. WEBSTER of Florida, 
Mr. 
FONG, 
Mr. 
CRANK, 
Mr. 
BENTZ, 
Mr. 
MCCORMICK, 
Mr. 
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HARIDOPOLOS, Mr. GUEST, Mr. CASE, Mr. VAN EPPS, and Mr. EVANS 
of Colorado 
FEBRUARY 3, 2026 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on January 12, 2026] 
A BILL 
To amend chapter 131 of title 5 to require certain restric-
tions on stocks for Members of Congress and their 
spouses and dependents, and for other purposes. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Stop Insider Trading 
Act’’. 
SEC. 2. RESTRICTIONS ON COVERED INVESTMENTS. 
(a) TABLE OF CONTENTS.—The table of contents for 
chapter 131 of title 5, United States Code, is amended by 
adding at the end the following: 
‘‘SUBCHAPTER IV—RESTRICTIONS ON COVERED INVESTMENTS 
‘‘13151. Definitions. 
‘‘13152. Restrictions on covered investments. 
‘‘13153. Enforcement.’’. 
(b) RESTRICTIONS.—Chapter 131 of title 5, United 
States Code, is amended by adding at the end a new sub-
chapter: 
‘‘SUBCHAPTER IV—RESTRICTIONS ON COVERED 
INVESTMENTS 
‘‘§ 13151. Definitions 
‘‘In this subchapter: 
‘‘(1) COVERED INDIVIDUAL.—The term ‘covered 
individual’ means any of the following: 
‘‘(A) A Member of Congress, as defined in 
section 13101. 
‘‘(B) A dependent child (as defined in sec-
tion 13101) or a spouse of a Member of Congress. 
‘‘(2) COVERED INVESTMENT.— 
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‘‘(A) IN GENERAL.—The term ‘covered in-
vestment’ means a security issued by a publicly 
traded company or any comparable economic in-
terest acquired through synthetic means, such as 
the use of a derivative, including an option, war-
rant, or other similar means. 
‘‘(B) EXCLUSION.—The term ‘covered in-
vestment’ does not include— 
‘‘(i) an excepted investment fund (as 
described in section 13104(f)(8)); 
‘‘(ii) any other fund that would be an 
excepted investment fund but for the fact 
that the fund does not meet the diversifica-
tion requirement solely because the fund is 
concentrated in— 
‘‘(I) the United States; or 
‘‘(II) the State, territory, or Dis-
trict of residence of the covered indi-
vidual who owns the fund; 
‘‘(iii) an interest in a small business 
concern as defined under section 3 of the 
Small Business Act (15 U.S.C. 632); or 
‘‘(iv) investments held in a trust if no 
covered individual has any authority over a 
trustee of the trust, including the authority 
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to appoint, replace, or direct the actions of 
such a trustee, and the trustee is not the 
spouse, child, parent, or sibling of a Member 
of Congress. 
‘‘(3) PUBLICLY
TRADED
COMPANY.—The term 
‘publicly traded company’ means an issuer that has 
a class of securities registered under section 12 of the 
Securities Exchange Act of 1934 (15 U.S.C. 78l). 
‘‘(4) SECURITY.—The term ‘security’ has the 
meaning given the term in section 3(a) of the Securi-
ties Exchange Act of 1934 (15 U.S.C. 78c(a)). 
‘‘(5) SUPERVISING
ETHICS
OFFICE.—The term 
‘supervising ethics office’ has the meaning given the 
term in section 13101. 
‘‘§ 13152. Restrictions on covered investments 
‘‘(a) CONDUCT DURING FEDERAL SERVICE.—Except 
as described in subsection (c), no covered individual may 
purchase a covered investment. 
‘‘(b) ADVANCED NOTICE REQUIREMENT.— 
‘‘(1) IN GENERAL.—No covered individual shall 
sell a covered investment, unless a notice of intent to 
sell the covered investment is made by the Member of 
Congress and publicly disclosed at least 7 calendar 
days, and no more than 14 calendar days, prior to 
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‘‘(1) incur a fee, as calculated in subsection (b), 
to be paid by the Member of Congress who— 
‘‘(A) caused the violation; or 
‘‘(B) is the spouse or parent of a covered in-
dividual who caused the violation; and 
‘‘(2) in the case of a purchase of a covered in-
vestment, be required to sell a covered investment pur-
chased in violation of section 13152(a). 
‘‘(b) CALCULATION OF FEES.—The fee required under 
subsection (a) shall be equal to the sum of— 
‘‘(1) $2,000 or ten percent of the value of the 
transaction in the covered investment which violates 
section 13152, whichever is greater; and 
‘‘(2) the net gain realized, if any, from the cov-
ered investment during the period beginning on the 
most recent date on which the individual became a 
covered individual and ending on the date of disposi-
tion of the covered investment, as determined by the 
supervising ethics office. 
‘‘(c) PAYMENT RESTRICTIONS.—A Member of Congress 
may not pay any of the fees under this section by using 
amounts from the following sources: 
‘‘(1) The Members’ Representational Allowance. 
‘‘(2) The Senators’ Official Personnel and Office 
Expense Account. 
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‘‘(3) Any contribution (as defined in section 
301(8) of the Federal Election Campaign Act of 1971 
(52 U.S.C. 30101(8))) accepted as a candidate, and 
any other donation received as support for activities 
of the individual as a holder of Federal office. 
‘‘(d) MISCELLANEOUS RECEIPTS.—Any amounts col-
lected in fees authorized by this section shall be deposited 
in the general fund of the Treasury as miscellaneous re-
ceipts in accordance with section 3302(b) of title 31. 
‘‘(e) REFERRAL.—Upon the assessment of a fee under 
this section, the supervising ethics office has the authority 
to refer a Member of Congress to the Department of Justice 
in the same manner and to the same extent as a violation 
under section 13106 if such Member of Congress resigns or 
retires before paying such assessed fee. 
‘‘(f) INTERPRETATIVE GUIDANCE.—Each supervising 
ethics office may issue interpretative guidance on this sub-
chapter and in issuing such guidance, may consider miti-
gating or aggravating circumstances.’’. 
(c) EFFECTIVE DATE.—The amendments made by this 
Act shall take effect on the date that is 180 days after the 
date of enactment of this Act. 
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Union Calendar No. 409 
119TH CONGRESS 
2D SESSION 
H. R. 7008 
[Report No. 119–479] 
A BILL 
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. 
FEBRUARY 3, 2026 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
VerDate Sep 11 2014 
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