JUST IN: House PASSES Bill to Restrict Stock Trading for Congress Members & Require National Voter ID

This is bad news for Nancy Pelosi!

The House of Representatives has approved of a bill that would greatly limit stock trading for members of Congress, their spouses, and their children.

But that’s not all…

In addition to these restrictions, Republicans also attached a national voter ID requirement to the bill.

CBS News explained the details of the legislation:

The Stop Insider Trading Act, introduced by Rep. Bryan Steil of Wisconsin in January, would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks. It would also require lawmakers to publicly disclose each intended sale of stocks at least seven days in advance to the House clerk or Senate secretary. The penalty for a violation is $2,000 or 10% of the transaction’s value, whichever is greater, as well as the forfeiture of any realized gains from the sale.

The measure “ensures that lawmakers cannot use their position to profit off insider information they may garner while serving in Congress,” Steil said Monday.

Republicans combined the stock trading bill with an unrelated provision that requires voters to show photo identification when voting in federal elections, as President Trump pushes for strict new voter-eligibility rules.

The bill passed in a vote of 232-198, with 13 Democrats joining Republicans to approve of the measure.

Watch the moment it passed in Congress here:

Democrats overwhelmingly disapproved of the measure due to its voter ID provision.

For instance, far-left Rep. AOC called it a “trick” by Republicans to “sabotage national mail-in voting.”

Read her post on X here:

Republicans are trying to pull a trick this week.

They say we are voting on an “insider trading” bill, but have snuck in massive SAVE Act-style voter suppression measures to it.

This is a GOP effort to sabotage national mail-in voting, disguised as a trading ban.

I’m voting NO https://t.co/iOgH7AvSHk

— Alexandria Ocasio-Cortez (@AOC) July 21, 2026

On the contrary, the majority of Republicans are celebrating the win.

Watch what Speaker of the House Mike Johnson had to say following the passage of this bill, along with several other huge packages today:

.@SpeakerJohnson following passage of NDAA, a ban on Members of Congress stock trading and budget resolution: "This was obviously a consequential week for House Republicans but it was a very consequential week for the American people." pic.twitter.com/9cnNl1NImy

— CSPAN (@cspan) July 22, 2026

This legislation is long overdue.

It may be the most significant attempt to crack down on (alleged) insider trading in Congress ever.

While she may be the most infamously “successful” stock trader in Congress, Nancy Pelosi wouldn’t be the only one affected.

The New York Post shared some names of Congress members who would be the most impacted if this bill becomes law:

• Ro Khanna:

Rep. Ro Khanna’s (D-Calif.) household traded the most frequently — 4,772 times — and the most expensive assets last year, totaling $65.9 million, per Quiver Quantitative.

The Silicon Valley-based rep’s portfolio of trades appears to be heavily diversified across industrial, tech, financial, health care, and other sectors.

“I do not own or trade stocks and have led the fight to ban stock trading,” Khanna claimed on social media last month.

“My household’s 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.”

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Khanna also penned a detailed Substack explaining his family’s finances and underscoring that his “household’s compliance has been independently verified by the watchdogs who track congressional trading.”

• Nancy Pelosi:

Rep. Nancy Pelosi’s husband is perhaps the most infamous spouse of a sitting lawmaker to engage in stock trading. AP Photo/Allison Robbert

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

Pelosi’s household is listed as having made $52,525,000 worth of trades over the past year, spanning 21 occasions.

“Speaker Pelosi does not own any stocks and has no knowledge or subsequent involvement in any transactions,” her spokesperson, Ian Krager, told The Post.

The former speaker has publicly backed efforts to restrict congressional stock trading since 2022 after initially defending the practice.

“We are a free market economy. They should be able to participate in that,” the former House speaker told a reporter five years ago when pressed on the fortune her husband has amassed trading stocks while she’s in office.

• Michael McCaul:

Rep. Michael McCaul previously explained that a third-party manager oversaw his family’s trading.

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The retiring former Chairman of the House Foreign Affairs Committee, Rep. Michael McCaul’s (R-Texas) family, moved some $48 million worth of assets across 980 different trades.

McCaul’s team has previously addressed controversy over his family’s stock trading, noting that his “wife has assets she solely owns, and a third-party manager” makes purchases “without her direction.”

The Post reached out to the congressman’s office for comment.

Most of the stocks in his portfolio appear to be significantly diversified, including in the financial, tech, and health care sectors.

• Tony Wied:

Rep. Tony Wied’s (R-Wis.) household moved some $25.9 million across 19 different trades, with most of the assets coming from the tech sector.

Wied has backed the Stop Insider Trading Act, but argued it should’ve gone further to prevent potential corruption on Capitol Hill.

“I plan to support this symbolic gesture when it comes to a vote, but let’s be real — insider trading is already entirely illegal,” Wied told The Post.

“If 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 insider knowledge to enrich themselves as lobbyists and federal contractors after leaving office.”

• Gil Cisneros:

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.

“My wife and I have always employed outside financial advisors who have a fiduciary responsibility to maintain a diverse portfolio,” Cisneros told The Post. “We do not manage the day-to-day trading of our investment portfolio, nor have we ever suggested a trade while serving in Congress or at the Department of Defense.”

Cisneros further stressed that he has “always complied with all rules and regulations regarding stock trading and financial disclosures” and backs stronger ethics measures.