NEWS RELEASE: Senators Moody & Gillibrand Lead Bipartisan Bill to Ban Stock Trading by Members of Congress

Jan 15, 2026
WASHINGTON, D.C.—Today, Senator Ashley Moody and Senator Kirsten Gillibrand are announcing the bipartisanRestore Trust in Congress Actto stop insider trading by Members of Congress through banning the ownership and trading of individual stocks. Additionally, the Restore Trust in Congress Act extends the prohibition to their spouses and dependent children. These individuals may not purchase, sell, or hold covered investments.
This is companion legislation to the bill introduced by U.S. Representatives Chip Roy and Seth Magaziner in the U.S. House of Representatives, which currently has 126 total cosponsors. To date, 79 representatives – both Democrats and Republicans—have signed a discharge petition to bring this matter to the House floor for a vote.
The senatorssaid, “It is fundamental to our Republic that members of Congress are focused on our nation and its citizens’ well-being, not how they may financially profit from their positions. That is why we are proud to introduce this commonsense bill to ban members of Congress from owning or trading individual stocks. We will continue to fight tirelessly to make sure it becomes law.”
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Covered investments under the bill include security, commodity, a future, or any comparable economic interest acquired through synthetic means, such as the use of derivatives. This does not include any widely held investment funds that are diversified and publicly traded; U.S. treasury bills, notes, or bonds; a State or municipal government bill, note, or bond; any compensation received by spouse or dependent child from their employer; an interest in a small business concern; an interest in a limited liability company created for the sole purpose of purchasing; or holding real estate that serves as a personal residence of a Member.
The bill would include:
Read full bill texthere.
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