Stop insider trading in Congress
Note: You may wish to support H.R.3388/S.1498 or H.R.5106 instead. They are similar bills with a better chance of passing.
The “Bipartisan Restoring Faith in Government Act” (H.R.253) would prevent members of Congress and their immediate families from owning stock in individual companies.
When politicians own stock in a company, they have a personal interest in the success of that company, and can no longer act impartially as a lawmaker.
We must convince our Representative to pass this bill.
Status
H.R.253 is in House committee.
Why does it matter?
When politicians own stock in a company, they have a personal interest in the success of that company, and can no longer act impartially as a lawmaker.
86% of Americans support a ban on stock trading by members of Congress, yet Congress continues to profit through insider trading.
Some recent examples include:
- John Boozman (R-AR), Gilbert Cisneros (D-CA), Julie Johnson (D-TX), and Markwayne Mullin (R-OK) bought stock in defense companies that received government contracts and immediately gained value.
- John Boozman (R-AR), Shelley Capito (R-WV), John Fetterman (D-PA), and Jerry Moran (R-KS) bought stock in AI within days of Senate hearings on AI deregulation.
- Majorie Taylor Greene (R-GA) purchased stocks right after Trump introduced tariffs, causing prices to fall, and those stocks immediately gained value when Trump announced a partial reversal of his tariffs.
Timeline
- 1/09/2025: H.R.253 is introduced in the House.