{"id":2533737,"date":"2026-01-12T14:47:21","date_gmt":"2026-01-12T19:47:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-committee-to-reform-bill-banning-congressional-stock-trading\/"},"modified":"2026-01-12T14:49:39","modified_gmt":"2026-01-12T19:49:39","slug":"house-committee-to-reform-bill-banning-congressional-stock-trading","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-committee-to-reform-bill-banning-congressional-stock-trading\/","title":{"rendered":"House committee to reform bill banning congressional stock trading"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhouse-committee-to-reform-bill-banning-congressional-stock-trading%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2533737&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The House Administration Commitee will mark up legislation on Jan. 14 to ban members of Congress, their spouses, and dependent children from <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bipartisan-support-grows-for-congressional-stock-trading-ban\/\" title=\"Bipartisan Support Grows For ... Ban\">buying individual stocks<\/a>. Rep. Bryan Steil&#8217;s Stop Insider Trading Act would bar new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jon-stewart-joins-twitter-denounces-robinhood\/\" title=\"Jon Stewart Joins Twitter, Denounces Robinhood\">stock purchases<\/a>, require a public seven-day notice before sales, but still allow lawmakers to keep existing holdings. Supporters, including Rep. Anna paulina Luna and Speaker Mike Johnson, say the bill restores public trust; Luna had threatened a discharge petition to force action. Critics such as Reps. Seth Magaziner, Pramila Jayapal, and Alexandria Ocasio-Cortez argue the measure falls short because it does not remove conflicts arising from owning or selling current stock positions. The proposal follows long-running, bipartisan efforts to tighten rules after the limited-impact 2012 STOCK Act, which <a href=\"https:\/\/amzn.to\/3YuVZYV\" >imposes modest penalties<\/a> and reporting requirements.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">House Administration Committee to mark up <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bill-banning-congressional-stock-trading-takes-shape\/\" title=\"... Banning ... Takes Shape\">bill banning <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/this-is-a-free-market-pelosi-defends-congressional-stock-trading-in-face-of-report-detailing-ethics-violations\/\" title=\"\u2018This Is A Free ...et\u2019: Pelosi Defends Congressional ... Trading In Face Of ...ort Detailing Ethics Violations\">congressional stock trading<\/a><\/a><\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2464934\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>The House Administration Committee announced a Jan. 14 <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/hearing\/\">hearing<\/a> to mark up <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/legislation\/\">legislation<\/a> on the longtime issue of a <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/congress\/\">congressional<\/a> stock trade ban. <\/p>\n<p>House Administration Committee Chairman Bryan Steil (R-WI) unveiled legislation Monday to &ldquo;prohibit Members of Congress, spouses, and dependent children from purchasing publicly traded <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/stocks\/\">stocks<\/a>.&rdquo; <\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/congressional\/4414430\/john-cornyn-out-fundraises-himself-battles-tough-texas-primary-ken-paxton-wesley-hunt\/\">Cornyn out-fundraises himself as he battles in tough Texas primary<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/4414404\/mary-peltola-announces-run-senate-recruiting-win-democrats\/\">Mary Peltola announces run for Senate in recruiting win for Democrats<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/congressional\/4413383\/aaron-day-spoiler-could-sink-senate-gop-new-hampshire\/\">Meet Aaron Day, the 2016 spoiler who could sink Senate GOP hopes in New Hampshire<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Members of both parties have been working for years to find a solution to the issue, popular among the public, marking this hearing as a win for many advocates.<\/p>\n<p>&ldquo;A bill is expected to be passed out of committee as early as this week that will prohibit members of Congress from buying individual stocks,&rdquo; Rep. Anna Paulina Luna (R-FL) <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/RepLuna\/status\/2010738528896905620\">wrote on X<\/a>. &ldquo;This is a win, but it should be noted that this would not have happened if individual members, both Democrats and Republicans, had not stepped forward to call this out on both sides. I look forward to reviewing the full text, but based on the toplines discussed over the past few weeks, this is a step in the right direction, and I look forward to supporting it on the floor.&rdquo;<\/p>\n<p>Luna had threatened a discharge petition for months to force a vote on the issue after little movement had been made despite strong bipartisan support.<\/p>\n<p>Steil&rsquo;s bill, the Stop Insider Trading Act, requires a public seven-day notice before a lawmaker, spouse, or dependent children can sell a stock. While the bill appeases some concerns about congressional stock trading, it would still allow lawmakers to retain their existing stock holdings.<\/p>\n<p>If the bill passes out of committee, it will then be up to GOP leadership to schedule a full vote on the issue to pass it off to the upper chamber. Speaker Mike Johnson (R-LA) backed the legislation as it was unveiled.<\/p>\n<p>&ldquo;No member of Congress should be allowed to profit from insider information, and this legislation represents an important step in our efforts to restore the people&rsquo;s faith and trust in Congress,&rdquo; Johnson said in a statement.&nbsp;&ldquo;Both Republicans and Democrats will have an opportunity to make their voices heard and affirm their support.&rdquo;<\/p>\n<p>But not all advocates for the issue support the legislation put forward Monday.<\/p>\n<p>Reps. Seth Magaziner (D-RI), Pramila Jayapal (D-WA), and Alexandria Ocasio-Cortez (D-NY) expressed their distaste for the bill, saying it &ldquo;falls short of what the American people want and deserve.&rdquo; <\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/congressional\/4413224\/democrats-call-release-dnc-2024-election-autopsy\/\">DEMOCRATS CALL FOR RELEASE OF DNC&rsquo;S 2024 AUTOPSY ELECTION REPORT<\/a><\/strong><\/p>\n<p>&ldquo;While this bill prohibits Members from buying new stocks, it does nothing to remove conflict of interest that arises from owning or selling existing stocks,&rdquo; the members <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/rep_magaziner\/status\/2010742694989951244?s=46\">wrote in statement<\/a>. &ldquo;Members can still act on legislation, investigations, and briefings that directly influence the value of their stocks for personal benefit.&rdquo; <\/p>\n<p>This issue has undergone numerous pushes but has never been fully successful in either chamber. The Stop Trading on Congressional Knowledge Act, signed into law in 2012, prohibits members from acting on insider information and requires them to report their trades within 45 days, but the law acts more as a slap on the wrist. The penalty is a mere $200 fine, and members have not been punished for said violations.<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>House panel to mark up congressional stock ban<\/p>\n","protected":false},"author":3691,"featured_media":2533738,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/01\/AP23285097829938-e1768241158978.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[40421,36156,41594,70713,53600],"class_list":["post-2533737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-conflict-of-interest","tag-congressional-ethics","tag-house-committee","tag-legislation-reform","tag-stock-trading-ban"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/01\/AP23285097829938-e1768241158978.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2533737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3691"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2533737"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2533737\/revisions"}],"predecessor-version":[{"id":2533741,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2533737\/revisions\/2533741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2533738"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2533737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2533737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2533737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}