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HR 7008 Blocked in the Senate

Bars members of Congress and their spouses and dependent children from buying individual stocks and similar investments, and requires voters casting ballots in person or by mail to provide a photo identification in federal elections.

Official title: Stop Insider Trading Act

Outcome Blocked in the Senate: it did not get the 60 votes needed to end debate
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced 12-JAN-2026
Referred 12-JAN-2026
Approved by committee 14-JAN-2026
Reported 03-FEB-2026
On the calendar 03-FEB-2026
Passed 22-JUL-2026
Senate
Received 23-JUL-2026
On the calendar 05-AUG-2026
Blocked 30-SEP-2026
Key points
  • Bars members of Congress, and their spouses and dependent children, from buying covered investments such as company stocks, options, and warrants, with exceptions for certain funds, trusts, and dividend reinvestment.
  • Requires 7 to 14 calendar days of public notice before a covered investment is sold, filed with the House Clerk or the Senate Secretary.
  • Sets a fee for violations of at least $2,000 or 10 percent of the transaction value, plus any net gain, and bars paying it from official office accounts or campaign funds.
  • Requires in-person voters to show a valid photo ID, with a provisional ballot allowed if they bring one within 3 days, and requires mail voters to submit a photo ID copy or meet a limited alternative.
  • Takes effect 180 days after enactment for the stock provisions and 90 days after enactment for the photo ID requirements.
AI-generated from the Placed on Calendar Senate text of 06-AUG-2026 · verify · report an error
Official CRS summary

Covers an older version. The newest CRS summary describes the bill as of "Reported to House" (03-FEB-2026); the text has changed since (Engrossed in House, 22-JUL-2026).

CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov
Committee referrals (1) Policy area

Congress

Sponsor Bryan Steil (R-WI) Cosponsors · 93
■ 90 R■ 2 D■ 1 I
2 Democrats
1 Independent