We have received text from H.R. 7008: Stop Insider Trading Act. This bill was received on 2026-01-12, and currently has 72 cosponsors.
Here is a short summary of the bill:
The bill introduced as the Stop Insider Trading Act aims to impose stricter regulations on investments made by Members of Congress, their spouses, and dependent children to prevent insider trading. Here’s a summary of its key components:
Definitions
The bill defines several important terms:
- Covered individual: This refers to Members of Congress and their spouses or dependent children.
- Covered investment: This mainly includes securities issued by publicly traded companies but does not cover certain exceptions like investment funds, interests in small businesses, or investments held in trusts with specific conditions.
- Publicly traded company: A company that has a class of securities registered under the Securities Exchange Act of 1934.
Restrictions on Transactions
The bill sets forth the following restrictions:
- No covered individual is allowed to purchase a covered investment while serving in federal office.
- If a covered individual wants to sell a covered investment, they must publicly disclose their intent at least 7 days and no more than 14 days before the sale. This disclosure must include details such as the date of sale and the number of shares involved.
Exceptions
There are exceptions to the restrictions:
- Spouses or dependent children of Members of Congress are exempt from these rules if they make transactions on behalf of others or in relation to their employment.
- Covered individuals can reinvest dividends from covered investments without restrictions.
Enforcement and Penalties
The bill outlines enforcement mechanisms and penalties for violations:
- If a covered individual violates the investment restrictions, they may incur a fee based on the nature of the violation, which can be either a flat fee or a percentage of the investment's value.
- Violators may also be required to sell any covered investments bought illegally.
- Fees collected for violations will go into the general fund of the Treasury.
Effective Date
The provisions in this bill will take effect 180 days after it becomes law.
Relevant Companies
- None found
Representative Bryan Steil Bill Proposals
Here are some bills which have recently been proposed by Representative Bryan Steil:
- H.R.7008: Stop Insider Trading Act
- H.R.5924: Pay Our Capitol Police Act
- H.R.5891: Withhold Member Pay During Shutdowns Act
- H.R.5074: Protecting Young Minds Online Act
- H.R.4735: Business of Insurance Regulatory Reform Act of 2025
- H.R.4430: Expanding WKSI Eligibility Act
You can track bills proposed by Representative Bryan Steil on Quiver Quantitative's politician page for Steil.
Representative Bryan Steil Net Worth
Quiver Quantitative estimates that Representative Bryan Steil is worth $2.1M, as of January 13th, 2026. This is the 251st highest net worth in Congress, per our live estimates.
Steil has approximately $222.8K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Bryan Steil's net worth on Quiver Quantitative's politician page for Steil.
Representative Bryan Steil Stock Trading
We have data on up to $450.0K of trades from Representative Bryan Steil, which we parsed from STOCK Act filings. Some of the largest trades include:
- A July 12th, 2019 sale of up to $100K of $FISV. The stock has fallen 28.94% since then.
- A July 22nd, 2019 sale of up to $50K of $FIS. The stock has fallen 49.89% since then.
- A July 12th, 2019 sale of up to $15K of $USB. The stock has risen 0.42% since then.
- A July 22nd, 2019 sale of up to $15K of $ASB. The stock has risen 27.86% since then.
- A July 22nd, 2019 sale of up to $15K of $MRK. The stock has risen 32.87% since then.
You can track Representative Bryan Steil's stock trading on Quiver Quantitative's politician page for Steil.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
