House Passes the 'Stop Insider Trading Act'—but Trump Is Exempt
Summary
The U.S. House of Representatives passed the Stop Insider Trading Act to stop lawmakers from trading stocks based on secret information they get from their jobs. However, the bill does not apply to President Donald Trump or the vice president. It stops members of Congress and their families from buying new stocks but lets them keep stocks they already own.Key Facts
- The Stop Insider Trading Act passed the House 232-198 with some Democrats supporting it.
- The law targets members of Congress, their spouses, and dependent children, but excludes the president and vice president.
- President Trump and the vice president are subject to different ethics and disclosure rules than lawmakers.
- Lawmakers would be banned from buying new individual stocks but can keep or sell stocks they already own after a public notice period.
- President Trump reported thousands of stock transactions worth hundreds of millions of dollars in early 2026.
- Critics say the bill does not fully ban insider trading and exempts too many officials, including the president.
- Richard Painter, a former White House ethics lawyer, supports the bill but says it should also apply to the president and vice president.
- The Trump administration supports the bill as a step beyond current rules by stopping lawmakers from buying stocks while in office.
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