Rep. Simpson Supports Bill to Crack Down on Insider Trading in Congress

WASHINGTON-Today, Idaho Congressman Mike Simpson voted in favor of H.R. 7008, the Stop Insider Trading Act, a bill that ensures lawmakers don't use their positions to profit off insider information. This legislation would ban members of Congress, their spouses, and their dependent children from purchasing individual securities issued by publicly traded companies. The Stop Insider Trading Act is sponsored by Rep. Bryan Steil (R-WI).

"The American people send lawmakers to Washington, D.C. to deliver on policy promises, not to enrich themselves by profiting off insider information. Republican, Democrat, or Independent, there must be consequences for those who are only working for their financial benefit. The passage of the Stop Insider Trading Act is a critical step in ensuring accountability and restoring public trust in elected officials," said Rep. Simpson.

The measure was approved with a vote of 232 to 198.