releases: https://www.cassidy.senate.gov/newsroom/press-releases/cassidy-ricketts-introduce-bill-to-ban-congressional-stock-trading-restore-trust-in-congress/
Data license: MIT · Data source: dwillis/congress-press
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| https://www.cassidy.senate.gov/newsroom/press-releases/cassidy-ricketts-introduce-bill-to-ban-congressional-stock-trading-restore-trust-in-congress/ | Cassidy, Ricketts Introduce Bill to Ban Congressional Stock Trading, Restore Trust in Congress | 2026-03-18 | 2026 | 2026-03 | Republican | Senate | LA | Bill Cassidy | C001075 | www.cassidy.senate.gov | cassidy | https://www.cassidy.senate.gov/newsroom/press-releases/?jsf=jet-engine:press-list | scraper | WASHINGTON – U.S. Senators Bill Cassidy, M.D. (R-LA) and Pete Ricketts (R-NE) today introduced the Stop Insider Trading Act to prohibit Members of Congress, their spouses, and dependent children from purchasing publicly traded stocks and mandate a seven-day public notice period before any stock sales can be executed. “Members of Congress shouldn’t cash in on information the public doesn’t have. That’s wrong,” said Dr. Cassidy. “Let’s put a stop to it.” “No lawmaker should ever profit from insider information. Nebraskans send us to Congress to build a better country. Public service is a privilege, not a profit center,” said Senator Ricketts. “Trust in Congress remains at an all-time low. To fix that, we need to prove we are playing by the same rules as everyone else.” The Stop Insider Trading Act will: Prohibit Members, spouses, and dependent children from purchasing any new stocks in publicly traded companies. Require public notice at least seven days, but no more than 14 days, in advance of any intended sale. Establish a penalty of $2,000 or 10% of the investment value, whichever is greater, plus the forfeiture of any net gain realized from the sale. Stop insider trading without preventing successful people from the private sector from serving. Cassidy and Ricketts were joined by U.S. Senators Dave McCormick (R-PA), Jon Husted (R-OH), Deb Fisher (R-NE), Roger Marshall (R-KS), and Todd Young (R-IN) in introducing the legislation. This is the Senate companion bill to legislation led by U.S. Representative Bryan Steil (R-WI-01) in the U.S. House of Representatives. ### | 1 | 2026-04-01T05:41:29Z | 2026-04-01T05:42:36Z |