The House Administration Committee will hold a formal hearing next Wednesday to review potential reforms to the STOCK Act and consider whether members of Congress should be barred from trading individual stocks. The session, titled “Taking Stock of the STOCK Act,” will be led by Chairman Bryan Steil (R-WI) and include testimony from policy experts focused on government ethics and financial transparency.
- The hearing aims to examine proposed reforms designed to prevent members of Congress from profiting from potential insider information.
- Witnesses will include representatives from the Taxpayers Protection Alliance and the Manhattan Institute.
- Chairman Bryan Steil stated the committee will “review the current law and evaluate the reforms needed to fix the system.”
- Representative Chip Roy (R-TX), who has introduced the Restore Trust in Congress Act to ban congressional stock trading, voiced support for the hearing despite not serving on the committee.
- Recent reports have renewed scrutiny of congressional trading, with former Speaker Nancy Pelosi and her husband reportedly profiting over $130 million during her tenure.
- Critics of a trading ban argue that such restrictions could deter qualified professionals, particularly from finance, from seeking office.
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Editor’s Note: This is a developing story. This article may be updated as more details become available.
