Key Facts

• Stephen Buyer, a former Republican representative from Indiana, was convicted of insider trading in 2023.
• He was sentenced to 22 months in prison and has finished serving his time.
• The insider trading charges came from accusations that Buyer used private information about a T-Mobile and Sprint merger for stock trading after leaving Congress.
• President Trump issued the pardon on June 4, 2026, praising Buyer’s prior work in Congress and military service without mentioning the conviction.
• Several Republican leaders, including Senator Lindsey Graham, supported Buyer’s pardon.
• President Trump has spoken against insider trading by members of Congress and supports banning them from trading individual stocks.
• The pardon followed letters from Republican members, including 42 retired Congress members, urging clemency for Buyer.
• Buyer served 18 years in Congress and was a House prosecutor during President Bill Clinton’s impeachment.