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Bill pairs stock trading ban for lawmakers with voter ID mandate

Floor activityH.R. 7008Latest action

Sponsor: Bryan Steil · Representative · WI

AIDecoded by AI · checked against the record
Read the official text

Official title: Stop Insider Trading Act

119th Congress

Topics: Government & democracy

Introduced:

Read the official bill on Congress.gov

In plain words

The plain-language version comes first. The official text is always the reference.

HR 7008 bans lawmakers from buying stocks and separately requires photo ID to vote in federal elections.

55-second read · 5 questions answered below

What does this do?

This bill bans members of Congress and their spouses and dependent children from buying individual stocks while in office, allowing sales only after a 7-14 day public notice, with exceptions for mutual funds, blind trusts, and similar holdings. A second, unrelated section requires photo ID to vote in federal elections, with provisional ballots, affidavits, or notarization as alternatives in specific cases.

Who does it affect?

Members of Congress and their immediate families are affected by the stock trading restrictions; all voters in federal elections are affected by the ID requirement, with exceptions for overseas military voters and some voters with disabilities.

Why does it matter?

The stock trading rules aim to limit potential conflicts of interest for lawmakers, while the ID requirement changes how people establish eligibility to vote, particularly affecting those without ready access to photo ID or copying services.

What does it cost, and who pays?

  • Fine of $2,000 or 10% of trade
  • Plus any profits gained
  • Unpaid fines go to Justice Dept

AI-drafted summary. Check it against the official text before you act on it.

Based on the “Placed on Calendar Senate” text of Aug 6, 2026.

Read the official bill on Congress.gov

Make the call

The last attempt failed: a Senate vote to end debate on taking it up fell short, 53–47, on September 30, 2026.

Three steps: where you stand, your script, the call.

Where do you stand?

Where does it stand?

  1. IntroducedJan 12, 2026
  2. House committee
  3. House vote
  4. SenateYou are here · Sep 30, 2026
  5. The president's desk

Right now: the Senate has not agreed to take it up. The last motion to do so failed. If the Senate changes it, it goes back to the House before reaching the president.

Latest action: — Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 53 - 47. Record Vote Number: 253.

Data as of October 9, 2026

Recorded votes

Roll-call votes recorded since January 3, 2025.

  1. Senate · · Roll call 253

    As recorded

    Question
    On H.R. 7008
    Result:
    Cloture on the Motion to Proceed Rejected
    53
    Nay
    47
    0
    0

    Republicans 53 yes · Democrats 45 no · Independents 2 no

    Official record
    How members voted

    The official record lists how each member voted.Official record

  2. House · · Roll call 280

    As recorded

    Question
    On Passage
    Result:
    Passed
    232
    Nay
    198
    0
    1

    Republicans 218 yes · Democrats 13 yes, 198 no, 1 not voting · Independent 1 yes

    Official record
    How members voted

    The official record lists how each member voted.Official record

  3. House · · Roll call 279

    As recorded

    Question
    On
    Result:
    Failed
    211
    Nay
    218
    0
    2

    Republicans 217 no, 1 not voting · Democrats 211 yes, 1 not voting · Independent 1 no

    Official record
    How members voted

    The official record lists how each member voted.Official record

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