WSJ: U.S. Republican Party submits "Insider Trading Ban Act" bill proposal plan

GateUser-6433627c · 2026-01-12T11:05:58+00:00

On January 12th, Republican House members jointly supported a bill to restrict stock trading, aimed at addressing the issue of lawmakers profiting from insider information. The bill, led by Brian Steele, prohibits members of Congress from increasing their holdings in individual stocks but allows buying and selling of diversified investment funds.

GateUser-6433627c

2026-01-12 11:05:58

Abstract generation in progress

On January 12, according to The Wall Street Journal, House Republicans, including Republican leadership, are jointly supporting a stock trading restriction bill, which they believe is the best solution to address the longstanding issue of lawmakers potentially profiting from insider information. House Administration Committee Chair and Wisconsin Republican Congressman Brian Stile spearheaded the drafting of this bill aimed at banning members of both houses of Congress from increasing their holdings of individual stocks. The bill has received support from the House Republican leadership and has been recognized by various factions within the Republican Party. The proposal, titled the “Insider Trading Ban Act,” is scheduled to be formally introduced on Monday. However, under this plan, while members of Congress will be prohibited from purchasing additional individual stocks, they will still be allowed to buy and sell diversified investment funds.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.