Congress Stock Trading Ban Vote Scheduled Amid Public Support

The U.S. House will vote on a bill Wednesday that aims to prohibit members of Congress from buying individual stocks while in office. The Stop Insider Trading Act would not require lawmakers to divest existing stock investments and allows partial portfolio sales with a seven-day notice. Penalties for failing to disclose stock sales would increase, with fines set at $2,000 or 10% of the transaction value, compared to the current $200 for first-time offenders. This legislation reflects ongoing public concerns about potential insider trading and could impact lawmakers’ trading activities.