[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7008 Engrossed in House (EH)]
<DOC>
119th CONGRESS
2d Session
H. R. 7008
_______________________________________________________________________
AN ACT
To amend chapter 131 of title 5 to require certain restrictions on
stocks for Members of Congress and their spouses and dependents, and
for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Stop Insider Trading Act''.
SEC. 2. RESTRICTIONS ON COVERED INVESTMENTS.
(a) Table of Contents.--The table of contents for chapter 131 of
title 5, United States Code, is amended by adding at the end the
following:
``subchapter iv--restrictions on covered investments
``13151. Definitions.
``13152. Restrictions on covered investments.
``13153. Enforcement.''.
(b) Restrictions.--Chapter 131 of title 5, United States Code, is
amended by adding at the end a new subchapter:
``SUBCHAPTER IV--RESTRICTIONS ON COVERED INVESTMENTS
``Sec. 13151. Definitions
``In this subchapter:
``(1) Covered individual.--The term `covered individual'
means any of the following:
``(A) A Member of Congress, as defined in section
13101.
``(B) A dependent child (as defined in section
13101) or a spouse of a Member of Congress.
``(2) Covered investment.--
``(A) In general.--The term `covered investment'
means a security issued by a publicly traded company or
any comparable economic interest acquired through
synthetic means, such as the use of a derivative,
including an option, warrant, or other similar means.
``(B) Exclusion.--The term `covered investment'
does not include--
``(i) an excepted investment fund (as
described in section 13104(f)(8));
``(ii) any other fund that would be an
excepted investment fund but for the fact that
the fund does not meet the diversification
requirement solely because the fund is
concentrated in--
``(I) the United States; or
``(II) the State, territory, or
District of residence of the covered
individual who owns the fund;
``(iii) an interest in a small business
concern as defined under section 3 of the Small
Business Act (15 U.S.C. 632); or
``(iv) investments held in a trust if no
covered individual has any authority over a
trustee of the trust, including the authority
to appoint, replace, or direct the actions of
such a trustee, and the trustee is not the
spouse, child, parent, or sibling of a Member
of Congress.
``(3) Publicly traded company.--The term `publicly traded
company' means an issuer that has a class of securities
registered under section 12 of the Securities Exchange Act of
1934 (15 U.S.C. 78l).
``(4) Security.--The term `security' has the meaning given
the term in section 3(a) of the Securities Exchange Act of 1934
(15 U.S.C. 78c(a)).
``(5) Supervising ethics office.--The term `supervising
ethics office' has the meaning given the term in section 13101.
``Sec. 13152. Restrictions on covered investments
``(a) Conduct During Federal Service.--Except as described in
subsection (c), no covered individual may purchase a covered
investment.
``(b) Advanced Notice Requirement.--
``(1) In general.--No covered individual shall sell a
covered investment, unless a notice of intent to sell the
covered investment is made by the Member of Congress and
publicly disclosed at least 7 calendar days, and no more than
14 calendar days, prior to the sale in accordance with the
requirements of this subsection.
``(2) Contents of notice.--The notice under paragraph (1)
shall include the following:
``(A) The projected date of sale of a covered
investment.
``(B) A description of such sale.
``(C) The number of shares in such sale.
``(3) Withdrawal.--The notice under paragraph (1) shall be
withdrawn by the Member of Congress who filed it, prior to the
close of the expiration of the notice, if the covered
individual determines not to sell the covered investment.
``(4) Filing.--A Member of Congress shall file the notice
under paragraph (1) for each intended sale by the Member, or
the spouse or dependent child of the Member, with--
``(A) the Clerk of the House of Representatives, in
the case of a Representative in Congress, a Delegate to
Congress, or the Resident Commissioner from Puerto
Rico; or
``(B) the Secretary of the Senate, in the case of a
Senator.
``(5) Publication.--The notice under paragraph (1) and the
withdrawal under paragraph (3) shall, upon receipt, be made
publicly available on a website controlled by the Clerk of the
House of Representatives or the Secretary of the Senate, as
applicable.
``(c) Exceptions.--
``(1) Occupational exception.--Notwithstanding subsections
(a) and (b), a spouse or dependent child of a Member of
Congress may trade any covered investment if such covered
investment is--
``(A) not owned by a covered individual and if such
trade is performed as a function of the primary
occupation of the spouse or dependent child; or
``(B) made as a part of compensation from an
employer of such individual or in furtherance of any
fiduciary or occupational obligations of such
individual.
``(2) Dividend reinvestments exception.--The requirements
of subsection (a) shall not apply to a covered individual with
respect to a transaction for the purpose of reinvesting
dividends received from a covered investment into the same
covered investment automatically or without delay.
``Sec. 13153. Enforcement
``(a) In General.--Any covered individual who violates the
restrictions in section 13152 with respect to a covered investment,
shall, at the direction of the supervising ethics office--
``(1) incur a fee, as calculated in subsection (b), to be
paid by the Member of Congress who--
``(A) caused the violation; or
``(B) is the spouse or parent of a covered
individual who caused the violation; and
``(2) in the case of a purchase of a covered investment, be
required to sell a covered investment purchased in violation of
section 13152(a).
``(b) Calculation of Fees.--The fee required under subsection (a)
shall be equal to the sum of--
``(1) $2,000 or ten percent of the value of the transaction
in the covered investment which violates section 13152,
whichever is greater; and
``(2) the net gain realized, if any, from the covered
investment during the period beginning on the most recent date
on which the individual became a covered individual and ending
on the date of disposition of the covered investment, as
determined by the supervising ethics office.
``(c) Payment Restrictions.--A Member of Congress may not pay any
of the fees under this section by using amounts from the following
sources:
``(1) The Members' Representational Allowance.
``(2) The Senators' Official Personnel and Office Expense
Account.
``(3) Any contribution (as defined in section 301(8) of the
Federal Election Campaign Act of 1971 (52 U.S.C. 30101(8)))
accepted as a candidate, and any other donation received as
support for activities of the individual as a holder of Federal
office.
``(d) Miscellaneous Receipts.--Any amounts collected in fees
authorized by this section shall be deposited in the general fund of
the Treasury as miscellaneous receipts in accordance with section
3302(b) of title 31.
``(e) Referral.--The supervising ethics office has the authority to
refer a former Member of Congress to the Department of Justice and
section 13106 shall be applied in the same manner and to the same
extent as a violation under such section if such former Member resigns
or retires before paying the fee under this section.
``(f) Interpretative Guidance.--Each supervising ethics office may
issue interpretative guidance on this subchapter and in issuing such
guidance, may consider mitigating or aggravating circumstances.''.
(c) Effective Date.--This section and the amendments made by this
section shall take effect on the date that is 180 days after the date
of enactment of this Act.
SEC. 3. REQUIRING VOTERS TO PROVIDE PHOTO IDENTIFICATION.
(a) Requirement to Provide Photo Identification as Condition of
Casting Ballot.--
(1) In general.--Title III of the Help America Vote Act of
2002 (52 U.S.C. 21081 et seq.) is amended by inserting after
section 303 the following new section:
``SEC. 303A. PHOTO IDENTIFICATION REQUIREMENTS.
``(a) Provision of Identification Required as Condition of Casting
Ballot.--
``(1) Individuals voting in person.--
``(A) Requirement to provide identification.--
Notwithstanding any other provision of law and except
as provided in subparagraph (B), the appropriate State
or local election official may not provide a ballot for
an election for Federal office to an individual who
desires to vote in person unless the individual
presents to the official a valid physical photo
identification.
``(B) Availability of provisional ballot.--
``(i) In general.--If an individual does
not present the identification required under
subparagraph (A), the individual shall be
permitted to cast a provisional ballot with
respect to the election under section 302(a),
except that the appropriate State or local
election official may not make a determination
under section 302(a)(4) that the individual is
eligible under State law to vote in the
election unless, not later than 3 days after
casting the provisional ballot, the individual
presents to the official--
``(I) the identification required
under subparagraph (A); or
``(II) an affidavit developed and
made available to the individual by the
State attesting that the individual
does not possess the identification
required under subparagraph (A) because
the individual has a religious
objection to being photographed.
``(ii) No effect on other provisional
balloting rules.--Nothing in clause (i) may be
construed to apply to the casting of a
provisional ballot pursuant to section 302(a)
or any State law for reasons other than the
failure to present the identification required
under subparagraph (A).
``(2) Individuals voting other than in person.--
``(A) In general.--Notwithstanding any other
provision of law and except as provided in subparagraph
(B), the appropriate State or local election official
may not accept any ballot for an election for Federal
office provided by an individual who votes other than
in person unless the individual--
``(i) submits with the ballot a copy of a
valid photo identification;
``(ii) submits with the ballot the last
four digits of the individual's Social Security
number and an affidavit developed and made
available to the individual by the State
attesting that the individual is unable to
obtain a copy of a valid photo identification
after making reasonable efforts to obtain such
a copy; or
``(iii) includes a notarization by a notary
public attesting that the individual has
personally marked the ballot.
``(B) Exceptions.--Subparagraph (A) does not apply
with respect to a ballot provided by--
``(i) an absent uniformed services voter,
as defined in section 107(1) of the Uniformed
and Overseas Citizens Absentee Voting Act (52
U.S.C. 20310(1)); or
``(ii) an individual provided the right to
vote otherwise than in person under section
3(b)(2)(B)(ii) of the Voting Accessibility for
the Elderly and Handicapped Act (52 U.S.C.
20102(b)(2)(B)(ii)).
``(b) Providing Public Access to Digital Imaging Devices.--With
respect to each State, the appropriate State or local government
official of the State shall ensure, to the extent practicable, public
access to a digital imaging device, which shall include a printer,
copier, image scanner, or multifunction machine, at State and local
government buildings in the State, including courts, libraries, and
police stations, for the purpose of allowing individuals to use such a
device at no cost to the individual to make a copy of a valid photo
identification.
``(c) Notification of Identification Requirement to Applicants for
Voter Registration.--
``(1) In general.--Each State shall ensure that, at the
time an individual applies to register to vote in elections for
Federal office in the State, the appropriate State or local
election official notifies the individual of the photo
identification requirements of this section.
``(2) Special rule for individuals applying to register to
vote online.--Each State shall ensure that, in the case of an
individual who applies to register to vote in elections for
Federal office in the State online, the online voter
registration system notifies the individual of the photo
identification requirements of this section before the
individual completes the online registration process.
``(d) Valid Photo Identification Defined.--For purposes of this
section, a `valid photo identification' means, with respect to an
individual who seeks to vote in an election for Federal office, any of
the following:
``(1) A valid State-issued motor vehicle driver's license
that includes a photo of the individual and an expiration date.
``(2) A valid State-issued identification card that
includes a photo of the individual and an expiration date
issued by a State motor vehicle authority.
``(3) A valid United States passport for the individual.
``(4) A valid photo identification card for the individual
issued by the Department of Defense or the Department of
Veterans Affairs.
``(5) A valid identification document issued by a Tribal
government that includes a photo of the individual and an
expiration date.''.
(2) Clerical amendment.--The table of contents of such Act
is amended by inserting after the item relating to section 303
the following new item:
``Sec. 303A. Photo identification requirements.''.
(b) Conforming Amendment Relating to Voluntary Guidance by Election
Assistance Commission.--Section 311(b) of such Act (52 U.S.C. 21101(b))
is amended--
(1) by striking ``and'' at the end of paragraph (2);
(2) by striking the period at the end of paragraph (3) and
inserting ``; and''; and
(3) by adding at the end the following new paragraph:
``(4) in the case of the recommendations with respect to
section 303A, the date that is 90 days after the date of the
enactment of this paragraph.''.
(c) Conforming Amendment Relating to Enforcement.--Section 401 of
such Act (52 U.S.C. 21111) is amended by striking ``sections 301, 302,
303, and 304'' and inserting ``subtitle A of title III''.
(d) Effective Date.--This section and the amendments made by this
section shall take effect on the date that is 90 days after the date of
the enactment of this Act.
Passed the House of Representatives July 22, 2026.
Attest:
Clerk.
119th CONGRESS
2d Session
H. R. 7008
_______________________________________________________________________
AN ACT
To amend chapter 131 of title 5 to require certain restrictions on
stocks for Members of Congress and their spouses and dependents, and
for other purposes.