House Administration Committee reports H.R.7008 as amended after debate over loopholes; final roll call 7–4

The House Administration Committee on [date not specified in the record] voted to report H.R.7008, the Stop Insider Trading Act, after adopting an amendment in the nature of a substitute and approving the bill as amended by roll call, 7–4.

Chairman Stahl opened the markup by saying "no member of Congress, regardless of party or senior seniority, should be profiting off of insider information," and described the bill as a tightening of the STOCK Act of 2012 that would prohibit members from acquiring securities of publicly traded companies while allowing investments in broadly diversified vehicles such as mutual funds.

Ranking Member Morelli urged a stronger approach. "I strongly support a ban on federal officers including members of congress, the president, vice president, and judges and justices of the federal judiciary trading individual stocks," he said, and announced Democratic amendments aimed at closing what he called a "grandma loophole" that would let spouses or dependent children trade on behalf of others.

Committee debate centered on several recurring concerns. Democrats argued the bill leaves major gaps: it permits members to retain pre‑existing holdings and to reinvest…