Fedorchak co-introduces legislation to ban Congressional stock trading

Washington, D.C. - Congresswoman Julie Fedorchak (R-ND) today joined House Administration Committee Chairman Bryan Steil (R-WI) and House Republican Leadership in introducing the Stop Insider Trading Act. This legislation will prohibit Members of Congress, their spouses, and dependent children from purchasing publicly traded stocks and strengthen disclosure requirements for stock sales.

"North Dakotans-and all Americans-expect their representatives to serve the public interest, not profit from insider access. I'm happy to support this commonsense step toward restoring trust, accountability, and transparency," Fedorchak said.

"The American people deserve to know their Member of Congress is not profiting off insider information. The Stop Insider Trading Act ensures that cannot happen," said Chairman Steil. "This legislation is critical to restoring the public's trust in their elected officials. If you want to trade stocks, go to Wall Street, not Capitol Hill."

"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's faith and trust in Congress. Both Republicans and Democrats will have an opportunity to make their voices heard and affirm their support," said House Speaker Mike Johnson (R-LA).

"I've worked closely with Chairman Steil, who has been tirelessly putting together a bill that bans stock trading by Members of Congress, and would like to move this bill for a full House vote soon after it gets out of committee," said Majority Leader Steve Scalise (R-LA).

The Stop Insider Trading Actwill:

• Ban Members, their spouses, and their dependent children from purchasing a security issued by a publicly traded company.

• Require Members of Congress to file a public notice at least 7 days, but no more than 14 days, in advance for each intended sale with the Clerk of the House of Representatives.

• Impose meaningful penalties for violations, including fines of at least $2,000 or 10 percent of the transaction value-whichever is higher-and requires any profits from the trade to be returned.

Following today's introduction, the House Administration Committee will hold a markupto consider the legislation on Wednesday, January 14, 2026.

CLICK HERE for a one-pager on the bill.

CLICK HERE to read the full text of the legislation.

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