House Passes the Stop Insider Trading Act

WASHINGTON - Speaker Johnson today released the following statement after House Republicans passed H.R. 7008, the Stop Insider Trading Act.

"For too long, Americans struggling to make ends meet have watched as lawmakers have entered office just to leave as multi-millionaires. This type of behavior is unacceptable and diminishes the American people's trust in this institution. Today, with passage of the Stop Insider Trading Act, House Republicans took a critically important step to restore that faith and trust in both Congress and American elections.

"The Stop Insider Trading Act does exactly what it says. This legislation bans Members of Congress from purchasing individual stocks from publicly traded companies, helps prevent public officials from profiting from inside information, and ensures that voters must show a valid ID when they go to the polls to vote. Despite these commonsense measures enjoying supermajority support among the American people, Democrats overwhelmingly voted against this legislation. While Democrats talk about rooting out corruption, Republicans are taking action and delivering real results."