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House Republican lawmaker to advance bill banning members from buying individual stocks, adds voter ID provision
Summary
A House Republican lawmaker said Republicans will move the Stop Insider Trading Act, which he described as banning lawmakers from purchasing individual stocks and adding a voter ID requirement; he framed the measure as restoring public trust in Congress.
A House Republican lawmaker said House Republicans will press forward this week with the Stop Insider Trading Act, a bill he described as banning members of Congress from purchasing individual stocks and preventing public officials from profiting on inside information.
The lawmaker said the bill also includes a voter ID requirement, which he called a "very common sense and popular provision," and said it had broad public support. "The Stop and Shutter Trading Act does exactly what it says," he said, adding that the House Administration Committee and its chair helped "quarterback" the effort.
The lawmaker framed the proposal as a way to restore Americans' faith in government, citing examples of lawmakers who left office as multimillionaires. He also said Senate Democratic leaders had acknowledged support for voter ID, though he predicted Democrats in Congress would not back the package.
The speech did not include legislative text, floor amendments, or a vote on the measure. The lawmaker described the effort as supported by House Republican leadership and credited the House Administration Committee for drafting the bill. No formal motion or vote on the Stop Insider Trading Act was recorded in the remarks.
The lawmaker concluded by saying the measure is part of a broader Republican effort to demonstrate responsiveness to voters and to contrast Republican proposals with Democratic policies in the run-up to the midterm elections.
