119th Congress Government Operations and Politics
S. 4134: Stop Insider Trading Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill generally prohibits Members of Congress and their spouses and dependent children from purchasing stocks and requires public notice before these individuals may sell stocks.
Specifically, Members of Congress and the spouses and dependent children of Members may not purchase covered investments. Between 7 and 14 days before a Member or a covered spouse or dependent sells a covered investment, the relevant Member must file a public notice of the intent to sell with the Clerk of the House of Representatives or the Secretary of the Senate, as appropriate. The Clerk or Secretary must publish this notice online. If the individual decides not to sell the investment, the notice must be withdrawn.
Under the bill, a covered investment is a security issued by a publicly traded company or a related instrument (e.g., a derivative). Some investments are exempt, including interest in a widely held investment fund and certain investments held in a trust.
Read the full summary
Violations of these provisions are subject to a fee and, in the case of a purchase, a requirement to sell the covered investment. The fee equals the sum of (1) the greater of $2,000 or 10% of the transaction value, and (2) any net gain from the transaction during a specified period. The fee may not be paid using campaign donations or Members’ official allowances.
Certain transactions by covered spouses and dependents are exempt, including transactions made on behalf of another person or made as part of compensation from the individual’s employer.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Bill Cassidy R-LAOriginal
- Deb Fischer R-NEOriginal
- Jon Husted R-OHOriginal
- Roger Marshall R-KSOriginal
- Dave McCormick R-PAOriginal
- Todd Young R-INOriginal
- Dan Sullivan R-AK
- Katie Britt R-AL
- John Cornyn R-TX
- Kevin Cramer R-ND
- Steve Daines R-MT
- Charles Grassley R-IA
- Cynthia Lummis R-WY
- James Risch R-ID
- Rick Scott R-FL
- John Hoeven R-ND
Who scored on this bill
No member has earned points from it yet.
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Pete Ricketts
- S. 4709: UNLOCK AUKUS Act
- S. 2722: Taiwan Energy Security and Anti-Embargo Act of 2026
- S. 1744: PORCUPINE Act
- S. 2130: AUKUS Improvement Act of 2025
- S. 2424: THINK TWICE Act of 2025
- S.J.Res. 28: Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications"
History
- Introduced in the Senate by Pete Ricketts.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Homeland Security and Governmental Affairs.