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119th Congress
Independent · Nonpartisan · Reader-supported
SENATES. 5221· 119th Congress

Ban Trading by Members of Congress

Stop Corrupt Trading Act

Sponsor
Alex Padilla (D-CA)
Introduced
Aug 3, 2026
Last Action
Aug 4, 2026
Passage
12%
Introduced
Aug 3, 2026
2
Committee
3
Floor Vote
4
Both Chambers
5
Enacted
01 — The Text

What.

  • Detailed analysis pending — official summary not yet published by Congressional Research Service.
  • Title suggests restricting stock trading or financial transactions by senators and representatives.
  • Likely addresses conflicts of interest when lawmakers trade based on nonpublic information gained in office.
02 — The Stakes

So what?

  • Affects: Members of Congress and their immediate families who currently can trade stocks while legislating.
  • Stakes: Public concerns about insider trading and lawmakers profiting from privileged information.
  • Tradeoff: Stricter rules could limit personal financial freedom but reduce perceived corruption risks.
03 — The Path

Now what?

  • Bill was just introduced Aug. 3, 2026 and advanced to Senate calendar Aug. 4 — earliest stage of consideration.
  • Next step: Senate committee review and potential hearing, though no committee assignment yet confirmed.
  • You can track it: Search 'Stop Corrupt Trading Act' on Congress.gov or contact your senator to ask their position.
Legislative History

Actions.

  • Aug 4, 2026Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 536.
  • Aug 3, 2026Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
  • Aug 3, 2026Introduced in Senate