Congressional Insider Trading Bill Sparks Division Among Lawmakers

WHO:

Newsday - Rep. Nick LaLota (R-Amityville), Reps. Tom Suozzi (D-Glen Cove), Laura Gillen (D-Rockville Centre), President Trump, Rep. Andrew Garbarino (R-Bayport), Kristen Cianci (Republican National Committee spokeswoman), Sen. Kirsten Gillibrand (D-N.Y.), Sen. Ashley Moody (R-Fla.), Rep. Thomas Massie (R-Ky.)

Cointelegraph - Senator Elizabeth Warren

WHAT:

Newsday - The "Stop Insider Trading Act" passed the House with a vote of 232-198.

Newsday - 13 Democrats crossed party lines to endorse the "Stop Insider Trading Act."

Newsday - Suozzi is a co-sponsor of the "Restore Trust in Congress Act," which aims to prevent insider trading more effectively.

Newsday - The Campaign Legal Center stated the bill allows lawmakers to sell stocks they already own, which could lead to conflicts of interest.

Cointelegraph - Senator Elizabeth Warren stated the House bill “won’t solve the problem“ of insider trading in Congress.

WHERE:

Newsday - The events are taking place in Washington, D.C., specifically on Capitol Hill.

WHEN:

Newsday - The "Stop Insider Trading Act" passed the House on a Wednesday.

Newsday - The House adjourned for a monthlong summer recess on a Thursday.

WHY:

Newsday - Suozzi and Gillen opposed the bill because they believe it does not go far enough to prevent insider trading.

Newsday - Republicans included voter ID provisions in the bill, which they argue are necessary for election integrity, a stance supported by President Trump.

HOW:

Newsday - The "Stop Insider Trading Act" was co-sponsored by Rep. Nick LaLota and passed through a House vote.

Newsday - The bill includes provisions that allow members of Congress to own and sell stocks, which critics argue creates loopholes for insider trading.

(UPDATED July 25, 2026 16:20 UTC)

The "Stop Insider Trading Act" has successfully passed the House with a vote of 232 to 198, with thirteen Democrats crossing party lines to support the measure. While the bill allows lawmakers to sell stocks they already own, critics, including Senator Elizabeth Warren, argue that it won't effectively address insider trading issues in Congress, and some representatives believe it doesn't go far enough to prevent conflicts of interest. The legislation, co-sponsored by Rep. Nick LaLota, includes provisions for voter ID, a stance backed by President Trump, and the House is set to adjourn for a monthlong summer recess following this vote.