{"id":778632,"date":"2026-07-22T21:43:17","date_gmt":"2026-07-22T21:43:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/778632\/"},"modified":"2026-07-22T21:43:17","modified_gmt":"2026-07-22T21:43:17","slug":"house-votes-on-long-awaited-stock-trading-ban-heres-who-the-largest-traders-are","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/778632\/","title":{"rendered":"House votes on long-awaited stock trading ‘ban’ \u2014 here’s who the largest traders are"},"content":{"rendered":"

WASHINGTON \u2014 After months of bickering, the House will finally get a chance Wednesday to vote on legislation to impose sweeping restrictions on stock trades by lawmakers and their spouses<\/a>.<\/p>\n

The \u201cStop Insider Trading Act\u201d is perhaps the closest Congress has come to tightening its rules on stock trading since 2012, but it still faces an uphill battle to become law.<\/p>\n

Nestled in the bill are provisions requiring voters to present an ID in order to cast a ballot,<\/a> something that is a poison pill for many Democrats. Then, even if it clears the House, there appears to be little appetite for the \u201cStop Insider Trading Act\u201d in its current form in the Senate.<\/p>\n

Republicans are trying to pull a trick this week.<\/p>\n

They say we are voting on an \u201cinsider trading\u201d bill, but have snuck in massive SAVE Act-style voter suppression measures to it.<\/p>\n

This is a GOP effort to sabotage national mail-in voting, disguised as a trading ban.<\/p>\n

I\u2019m voting NO https:\/\/t.co\/iOgH7AvSHk<\/a><\/p>\n

\u2014 Alexandria Ocasio-Cortez (@AOC) July 21, 2026<\/a><\/p>\n

\u201cRepublicans are trying to pull a trick this week. They say we are voting on an \u2018insider trading\u2019 bill, but have snuck in massive SAVE Act-style voter suppression measures to it,\u201d Rep. Alexandria Ocasio-Cortez (D-NY) declared<\/a>. \u201cThis is a GOP effort to sabotage national mail-in voting, disguised as a trading ban.\u201d<\/p>\n

\u201cI\u2019m voting NO.\u201d<\/p>\n

Still, the measure is among the most significant attempts to police and stamp out the risk of insider trading by lawmakers since the passage of the Stop Trading on Congressional Knowledge (STOCK) Act in 2012.<\/a><\/p>\n

Under the bill, lawmakers, their spouses, and dependent children are restricted from purchasing individual stocks of publicly traded companies, with few exceptions, such as certain investment funds, while in office.<\/p>\n

The bill also stipulates that lawmakers, their spouses, and dependent children can\u2019t sell stock without filing notice between 7\u201314 days in advance. Violators will get hit with a fee and be subject to ethics scrutiny.<\/p>\n

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Critics argue that, despite proponents\u2019 characterizations of the bill, it\u2019s not a true ban on congressional stock trading, because lawmakers will still have the ability to sell their assets.<\/p>\n

Here\u2019s who could be impacted the most if the bill were to ever become law, based on data from Quiver Quantitative<\/a>. Notably, calculating exact numbers is tricky because lawmakers are only required to give ranges in their financial disclosures.<\/p>\n

Ro Khanna<\/p>\n

Rep. Ro Khanna\u2019s (D-Calif.) household traded the most frequently<\/a> \u2014 4,772 times \u2014 and the most expensive assets last year, totaling $65.9 million, per Quiver Quantitative.<\/p>\n

The Silicon Valley-based rep\u2019s portfolio of trades appears to be heavily diversified across industrial, tech, financial, health care, and other sectors.<\/p>\n

Rep. Ro Khanna\u2019s portfolio is one of the most active in the House of Representatives. AP Photo\/Meg Kinnard<\/p>\n

\u201cI do not own or trade stocks and have led the fight to ban stock trading,\u201d Khanna claimed on social media<\/a> last month. <\/p>\n

\u201cMy household\u2019s only investments are in a trust that my in-laws set up before marriage, managed independently by a third party trustee in full compliance with the Office of Government Ethics (OGE) and House Rules.\u201d<\/p>\n

Khanna also penned a detailed Substack<\/a> explaining his family\u2019s finances and underscoring that his \u201chousehold\u2019s compliance has been independently verified by the watchdogs who track congressional trading.\u201d<\/p>\n

Nancy Pelosi<\/p>\n

Perhaps the most notorious sitting lawmaker for stock trades is Rep. Nancy Pelosi (D-Calif.),<\/a> whose husband, Paul, made a fortune over the practice.<\/p>\n

Pelosi\u2019s household is listed as having made $52,525,000 worth of trades over the past year, spanning 21 occasions.<\/p>\n

Rep. Nancy Pelosi\u2019s husband is perhaps the most infamous spouse of a sitting lawmaker to engage in stock trading. AP Photo\/Allison Robbert<\/p>\n

\u201cSpeaker Pelosi does not own any stocks and has no knowledge or subsequent involvement in any transactions,\u201d her spokesperson, Ian Krager, told The Post.<\/p>\n

The former speaker has publicly backed efforts<\/a> to restrict congressional stock trading since 2022<\/a> after initially defending the practice.<\/p>\n

\u201cWe are a free market economy. They should be able to participate in that,\u201d the former House speaker told a reporter five years ago when pressed on the fortune her husband has amassed trading stocks while she\u2019s in office.<\/p>\n

Michael McCaul<\/p>\n

The retiring former Chairman of the House Foreign Affairs Committee<\/a>, Rep. Michael McCaul\u2019s (R-Texas) family, moved some $48 million worth of assets across 980 different trades.<\/p>\n

McCaul\u2019s team has previously addressed controversy<\/a> over his family\u2019s stock trading, noting that his \u201cwife has assets she solely owns, and a third-party manager\u201d makes purchases \u201cwithout her direction.\u201d<\/p>\n

Rep. Michael McCaul previously explained that a third-party manager oversaw his family\u2019s trading. ZUMAPRESS.com<\/p>\n

The Post reached out to the congressman\u2019s office for comment. <\/p>\n

Most of the stocks in his portfolio appear to be significantly diversified, including in the financial, tech, and health care sectors. <\/p>\n

Tony Wied<\/p>\n

Rep. Tony Wied\u2019s (R-Wis.) household moved some $25.9 million across 19 different trades, with most of the assets coming from the tech sector.<\/p>\n

Wied has backed the Stop Insider Trading Act, but argued it should\u2019ve gone further to prevent potential corruption on Capitol Hill.<\/p>\n

Rep. Tony Wied argued that Congress needs to crack down on former lawmakers cashing in on their old jobs. CQ-Roll Call, Inc via Getty Images<\/p>\n

\u201cI plan to support this symbolic gesture when it comes to a vote, but let\u2019s be real \u2014 insider\u00a0trading\u00a0is already entirely illegal,\u201d Wied told The Post.<\/p>\n

\u201cIf my colleagues on both sides of the aisle were serious about solving the actual problem, we would have gone much further with this legislation and addressed the real issue plaguing the swamp: career politicians using their connections and\u00a0insider\u00a0knowledge to enrich themselves as lobbyists and federal contractors after leaving office.\u201d<\/p>\n

Gil Cisneros<\/p>\n

Rep. Gil Cisneros (D-Calif.) and his family were listed as moving some $12 million on over 1,128 occasions, which included investments in tech, health care and industrials. <\/p>\n

\u201cMy wife and I have always employed outside financial advisors who have a fiduciary responsibility to maintain a diverse portfolio,\u201d Cisneros told The Post. \u201cWe do not manage the day-to-day\u00a0trading\u00a0of our investment portfolio, nor have we ever suggested a\u00a0trade\u00a0while serving in Congress or at the Department of Defense.\u201d<\/p>\n

Rep. Gil Cisneros underscored that his family has independent managers overseeing its portfolio. CQ-Roll Call, Inc via Getty Images<\/p>\n

Cisneros further stressed that he has \u201calways complied with all rules and regulations regarding stock trading and financial disclosures\u201d and backs stronger ethics measures.<\/p>\n

Notable mentions<\/p>\n

Quiver Quantitative listed Rep. Chip Roy (R-Texas) as a top trader in Congress, but his office has attributed that to an error in his financial disclosures. <\/p>\n

Rounding out the top 10 on the list for sitting lawmakers moving the largest volume of trades last year are: Reps. Cleo Fields (D-La.), Lisa McClain (R-Mich.), Tim Moore (R-NC), Josh Gottheimer (D-NJ), and Kevin Hern (R-Okla.), according to data from Quiver Quantitative.<\/p>\n

\u201cChairwoman McClain\u2019s investments are a matter of public record. They have been made in line with all House rules and applicable laws,\u201d House GOP communications director Joe Buccino told The Post about McClain.<\/p>\n","protected":false},"excerpt":{"rendered":"WASHINGTON \u2014 After months of bickering, the House will finally get a chance Wednesday to vote on legislation…\n","protected":false},"author":2,"featured_media":778633,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,1340,18783,3,111,923,6007,21,19,22,20,25,145415,194,24],"class_list":["post-778632","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-congress","tag-ethics","tag-news","tag-politics","tag-stocks","tag-trading","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-us-house-of-representatives","tag-us-news","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/778632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=778632"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/778632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/778633"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=778632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=778632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=778632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}