Stop Insider Trading Act

This bill would stop members of Congress, their spouses, and their dependent children from buying stocks in publicly traded companies. If any of these people want to sell stocks they already own, the member of Congress must file a public notice 7 to 14 days before the sale, which would be posted online. Some investments, like mutual funds and certain trusts, are not covered by these rules. Anyone who breaks these rules would have to pay a fee of at least $2,000 or 10% of the transaction value (whichever is higher), plus any profits made from the transaction, and that fee cannot be paid using campaign funds or official office allowances.

Your Vote