Gillibrand Urges Passage Of Her Bill To Ban Stock Trading By Members Of Congress And Other Senior Government Officials

Nov 19, 2025
Today, in light of the House Administration Committee’shearingon congressional stock trading, U.S. Senator Kirsten Gillibrand reiterated her call to pass legislation she authored to ban stock trading by senior government officials.
TheNo Stock Act, which Senator Gillibrandintroduced earlier this year, would ban officials, including members of Congress, Supreme Court justices, the president, the vice president, and their immediate families, from holding or trading stocks and certain other financial assets.
“It’s simple: elected officials should be focused on your family’s financial security, not their own stock portfolios,”said Senator Gillibrand.“The current rules just aren’t cutting it when it comes to preventing conflicts of interest. I’m fighting to pass theNo Stock Act –a straightforward bill that would stop members of Congress and their immediate families, as well as other senior government officials, from trading individual stocks. This is about common sense, ensuring fairness, and putting public service ahead of personal profit.”
Despite the passage of Senator Gillibrand’sSTOCK Actin 2012 – which bars congressmembers from using insider information to buy and sell stocks – recent data indicates that one in three members of Congress traded stocks or other financial assets from 2019-2021, and over 3,700 of those trades posed potential conflicts of interest with their legislative responsibilities. Senator Gillibrand’sNo Stock Actwould help eliminate these conflicts of interest by banning stock trading for high-ranking government officials altogether.
Senator Gillibrand has been a champion for transparency and good government throughout her career. Aside from leading Senate passage of theSTOCK Actin 2012, she was the first member of Congress to post a daily report listing her official meetings, personal financial disclosures, earmark requests, and taxes online. In 2023, she also introduced the bipartisanBan Stock Trading for Government Officials Act, legislation that aimed to create stringent stock trading bans and disclosure requirements for Congress, senior executive branch officials, and their spouses and dependents.
The full text of theNo Stock Actcan be foundhere.
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