Congress Prepares to Mark Up Lawmaker Stock Trading Ban Bill After Shutdown
November 12, 2025
Get ready for a big shake-up! Rep. Anna Paulina Luna from Florida is on a mission to stop Congress members from trading stocks based on secret information. She announced, "Speaker Johnson has notified me that as soon as we return and the government is reopened, the bill to ban insider trading is going to be marked up in committee." This means once the government doors open again, a committee will review the bill that could bar lawmakers from buying or selling individual stocks.
Luna, who has been shouting for this ban loud and clear, called this step “a big win for America.” But hold on—the bill's committee review is just the beginning. It’s not a full House vote yet, so the journey to law might still take time.
The demand for this ban is not just Luna's personal campaign. Back in September, she warned she would push for an immediate vote using a discharge petition if the bill stalled. That move, which bypasses House leaders, is now on pause because the committee step is coming. Yet, no one knows exactly when the hearing will happen or if that discharge petition might make a comeback.
What’s fueling this fiery call for a ban? Public opinion! A University of Maryland survey revealed 86% of Americans want to stop lawmakers from insider trading. The anger grew after reports showed members of Congress and their families made quick stock profits during wild market swings caused by tariffs earlier this year.
Luna supports the "Restore Trust in Congress Act," which would forbid not only lawmakers but also their spouses, kids, and trustees from owning or trading individual stocks. The bill has a rare bipartisan heart, led by Rep. Chip Roy (Republican, Texas) and Rep. Seth Magaziner (Democrat, Rhode Island), and was introduced in September.
Even unlikely allies like Rep. Alexandria Ocasio-Cortez (Democrat, New York) and Rep. Tim Burchett (Republican, Tennessee) stood side-by-side with Luna at a press event, even exchanging a fist bump to show their unity!
Top officials have mixed but hopeful feelings. Treasury Secretary Scott Bessent voiced his support. House Speaker Mike Johnson said he "personally supports the idea" but admitted it’s a "tough issue" and isn’t the top priority right now. Johnson also stated, "I respect the views of other people on the subject."
So, what’s next? The committee markup is the opening act, but when it will happen is still hazy. Will the bill make it to a full House vote? Time will tell. But one thing is clear: the push to end insider stock trading by lawmakers is gaining serious steam and could change the face of Congress soon!
Read More at Economictimes →
Tags:
Congress
Stock Trading Ban
Insider trading
Anna Paulina Luna
Restore Trust In Congress Act
Lawmakers
Comments