AmericanPride
on 17 hours ago
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Yes, the House passed a bill restricting congressional stock trading on July 22, 2026 (today), and it was packaged with related election integrity measures tied to the SAVE America Act.
Key Details on the Stock Trading Bill
• Bill: H.R. 7008, the Stop Insider Trading Act (sponsored by Rep. Bryan Steil, R-WI).
• What it does: It prohibits members of Congress, their spouses, and dependent children from buying individual stocks while in office. Existing holdings can be kept, but sales require advance public disclosure (7–14 days). Penalties include fines ($2,000 or 10% of the transaction value, whichever is greater) plus forfeiture of gains.
• Vote: Passed 232-198, with some bipartisan support (13 Democrats joined Republicans).
• Criticism: Democrats (e.g., Rep. Pramila Jayapal) called it a “fake” or “sham” ban because it doesn’t fully prohibit trading/ownership, doesn’t require divestment of current stocks, and doesn’t cover the president/VP as strongly as some alternatives. Stronger bipartisan proposals (like the Restore Trust in Government Act) exist but weren’t advanced.
This is not a complete ban on owning or trading stocks (e.g., it allows index funds/mutual funds in many versions of these ideas, and doesn’t retroactively force sales).
Connection to the SAVE America Act
• The stock trading bill was combined (via Rules Committee) with a Voter ID Act (H.R. 9368 or similar), which includes key provisions from the Safeguard American Voter Eligibility (SAVE) America Act — such as requiring photo ID to vote and proof of citizenship for federal voter registration.
• Republicans have been pushing the full SAVE America Act (voter ID, proof of citizenship, limits on mail-in voting) for months. It has passed the House before but stalled in the Senate due to the filibuster. They’ve used procedural moves (“MIRVing”) to attach elements of it to must-pass bills like the NDAA, appropriations, or this stock trading package to pressure the Senate.
• This matches the user’s description: the stock trading measure was advanced alongside SAVE-related provisions.
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