Congress bans its own stock trading and adds voter ID rule
H.R. 7008 — Stop Insider Trading Act · Filed by Bryan Steil (R-WI) · 93 cosponsors · Introduced Jan 12, 2026 · Passed chamber
Your members of Congress
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What it does
The bill stops members of Congress from buying individual stocks. Their spouses and dependent children also cannot buy stocks. Members must give 7 to 14 days notice before selling stocks. They pay a fine if they break the rule. The bill requires voters to show ID at federal elections. States can accept a notarized form or a provisional ballot instead.
Who it affects
Members of Congress and their families face new stock trading rules. Voters must show ID or use an alternative to vote. States must set up ways for voters to get ID copies.
One thing to notice
The bill combines two separate rules into one law. One rule is about Congress stock trading. The other is about voter ID.
From the analysis of the bill text, linked under Primary records below.
Where it stands
93 cosponsors: 90 Republicans, 2 Democrats, 1 Independents.
- Jan 12, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jan 12, 2026 — Referred to House Committee on House Administration · Congress.gov: “Referred to the House Committee on House Administration”
- Jan 14, 2026 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
- Jan 14, 2026 — Reported out of committee · Congress.gov: “Ordered to be Reported (Amended) by the Yeas and Nays: 7 - 4”
- Jul 22, 2026 — Passed the House · Congress.gov: “On passage Passed by the Yeas and Nays: 232 - 198 (Roll no. 280)”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
5 groups reported lobbying about this bill. They filed 5 reports from Dec 2025 to Jun 2026.
Those reports show $849,577 in lobbying spending. Each report lists about 16 bills. So that money was not all for this bill.
More groups named this bill than 78% of bills with any report.
Bryan Steil, who sponsored the bill, received $1,668,200 from PACs for the 2026 election.
- Associated Builders and Contractors Inc — $700,000 in 1 report
- Public Citizen — $99,577 in 1 report
- Campaign Legal Center, Inc. — $20,000 in 1 report
- Project on Government Oversight — $20,000 in 1 report
- P Street Project, Inc. — $10,000 in 1 report
Lobbying is legal. These reports show who lobbied about this bill, not what changed.
Words to know
- provisional ballot — a temporary ballot cast when a voter's eligibility is not yet confirmed
- notarized form — a document signed and verified by an official witness
- lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
- PACs — Groups that collect money and give it to candidates for office.
- sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (12,917 characters) on Apr 9, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,206 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Dec 2025 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 20, 2026 · page rendered 2026-09-17.
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