Congress just got a significant check on its trading privileges. The Stop Insider Trading Act (H.R. 7008)—designed to prevent lawmakers from trading stocks—has cleared the House and is heading to the Senate for a vote.

What this means: If it passes, members of Congress would face restrictions on personal stock transactions, closing a longtime loophole that's allowed lawmakers to trade on non-public information they access through their positions.

The Senate will decide the next move. This kind of policy shift could have broader implications for market fairness and institutional trust.