Stop Insider Trading Act

This bill, titled the Stop Insider Trading Act, would restrict Members of Congress and their spouses and dependents from purchasing stocks in publicly traded companies. It requires these individuals to provide advance public notice at least seven days before selling any covered investments, with the notice filed with the Clerk of the House or Secretary of the Senate. The law includes exceptions for certain occupational transactions and reinvested dividends, and establishes penalties including fees and mandatory sales for violations.