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The House panel will vote Jan. 14 on a bill banning most new stock trades by lawmakers and requiring advance notice before selling shares.
The House Administration Committee will hold a Jan. 14 markup on the Stop Insider Trading Act, introduced by Rep. Bryan Steil (R-WI), which would ban members of Congress, their spouses, and dependent children from buying new stocks and require seven to 14 days' public notice before selling shares.
The bill allows lawmakers to keep existing holdings and permits trading in diversified funds, with penalties of $2,000 or 10% of transaction value, whichever is higher.
While Speaker Mike Johnson supports it as a trust-building measure, Democrats including Alexandria Ocasio-Cortez criticize it for not eliminating conflicts from existing stock ownership.
The bill follows years of bipartisan efforts, including a prior discharge petition, and could advance to the full House if approved by the committee.
El panel de la Cámara votará el 14 de enero sobre un proyecto de ley que prohíbe la mayoría de los nuevos intercambios de acciones por parte de los legisladores y que requiere aviso previo antes de vender acciones.