{"id":4054,"date":"2026-07-23T16:39:42","date_gmt":"2026-07-23T16:39:42","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=4054"},"modified":"2026-07-23T16:39:42","modified_gmt":"2026-07-23T16:39:42","slug":"the-republican-controlled-house-just-passed-a-stock-trading-bill-that-exempts-trumps-3600-q1-trades","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=4054","title":{"rendered":"The Republican-controlled House just passed a stock trading bill \u2014\u00a0that exempts Trump\u2019s 3,600 Q1 trades"},"content":{"rendered":"<div>\n<p>Some Democrats sided with the Republican majority in the 232-198 vote that came as lawmakers prepared to return home and campaign ahead of the midterm elections, with Republicans working to show action on an issue that has become a symbol of voter distrust.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=4053\">Coinbase invests in tokenized version of Abu Dhabi\u2019s sovereign wealth fund<\/a><\/p>\n<p>But the breakthrough was tempered by Republican provisions in the bill that would\u00a0exempt the president\u00a0from the trading ban and from the inclusion of an unrelated voter identification requirement, drawing opposition from many Democrats. The bill\u2019s passage in the Senate remains uncertain.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>\u201cThis bill, quite simply, is a sham,\u201d Rep. Joe Morelle, a New York Democrat, said on the House floor ahead of the vote. He called the voter identification provision a \u201cpoison pill\u201d designed to sink the legislation.<\/p>\n<p>Supporters nevertheless hailed the bill, known as the Stop Insider Trading Act, as the most significant congressional action yet to restrict stock trades by members of Congress.<\/p>\n<p>\u201cI had legislation that would have required divestiture. I preferred that approach,\u201d Rep. Chip Roy, R-Texas, said. \u201cBut you got to build a coalition in a body. And I think this is a giant step forward.\u201d<\/p>\n<p>Rep. Bryan Steil, the Wisconsin Republican who sponsored the legislation, called it \u201ctransformational.\u201d<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Critics argued the legislation falls well short of a true stock trading ban because it would let lawmakers keep stocks they already own and continue selling them.<\/p>\n<p>Bipartisan support eroded further after Republicans added a requirement that voters present photo identification at the polls, a key element of the SAVE Act, an election measure backed by President Donald Trump that has repeatedly stalled in the Senate.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<h4>What is in the Stop Insider Trading Act?<\/h4>\n<p>The legislation would prohibit lawmakers, their spouses and dependent children from buying individual stocks while in office. It would let them keep stocks they already own but require public notice at least seven days before selling them. Some investments would be exempt, including interest in a widely held investment fund and certain investments held in a trust.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>The bill does not extend to the president or vice president. President Donald Trump disclosed in May that in the first quarter of this year he had made more than 3,600 buy and sell orders, many of them involving companies whose profits\u00a0have been directly impacted by his decisions\u00a0as head of the government.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=4051\">Japan\u2019s prime minister sleeps just \u2018zero to three\u2019 hours a night\u2014even as Tokyo pushes a 4-day workweek to fight \u2018death by overwork\u2019<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Outside ethics groups said the bill leaves intact the very conflicts it is meant to address by allowing lawmakers to keep existing stock holdings.<\/p>\n<p>The Campaign Legal Center urged Congress to reject the measure, saying it \u201cfails to address the two inherent problems with congressional stock ownership: the appearance of insider trading and members\u2019 ability to profit from their official position.\u201d<\/p>\n<p>Not all Republicans were on board for the stock ban. Kentucky Rep. Thomas Massie, who was defeated in a primary earlier this year by a Trump-backed candidate, derided Republicans for inserting the voter identification requirement.<\/p>\n<p>\u201cRepublicans added voter-ID in the legislation. Not to get Dems to vote for voter-ID,\u201d Massie wrote in a social media post. \u201cbut to get them to vote against the stock trading ban, so they can use it in the Nov. election.\u201d<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<h4>Stock trading has become a potent campaign issue<\/h4>\n<p>Congressional stock trading has become a potent campaign issue as candidates from both parties call for banning the practice. The issue has been a fixture of campaign ads for several years as candidates seek to tap into voters\u2019 distrust of Washington.<\/p>\n<p>Ahead of Wednesday\u2019s vote, many Republicans facing tough reelection races lined up to speak in favor of it.<\/p>\n<p>\u201cBanning congressional stock trading is a simple proposition: If you serve the public, you serve only the public,\u201d said New York Rep. Mike Lawler. \u201cYou don\u2019t get to benefit from the power the people have loaned you. This reform is about fairness.\u201d<\/p>\n<p>Lawmakers have faced ethics scrutiny and, in some cases, criminal investigations over stock trades that critics say benefited from nonpublic information obtained through lawmakers\u2019 official duties. Although no broad ban has become law, similar proposals have been\u00a0introduced for years.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Momentum accelerated last year when Rep. Anna Paulina Luna, R-Fla., launched a discharge petition to force a vote on a congressional stock trading ban that bypassed House Republican leaders.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=4049\">All hail London\u2014whatever the\u00a0U.K.\u2019s\u00a0new\u00a0Prime Minister says<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Some Democrats sided with the Republican majority in the 232-198 vote that came as lawmakers prepared to return<\/p>\n","protected":false},"author":1,"featured_media":43,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Republican-controlled House just passed a stock trading bill \u2014\u00a0that exempts Trump\u2019s 3,600 Q1 trades - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=4054\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Republican-controlled House just passed a stock trading bill \u2014\u00a0that exempts Trump\u2019s 3,600 Q1 trades - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"Some Democrats sided with the Republican majority in the 232-198 vote that came as lawmakers prepared to return\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=4054\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-23T16:39:42+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4054#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4054\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"The Republican-controlled House just passed a stock trading bill \u2014\u00a0that exempts Trump\u2019s 3,600 Q1 trades\",\"datePublished\":\"2026-07-23T16:39:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4054\"},\"wordCount\":770,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4054#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/175605f33de86f2443ba4177dfff3799.webp\",\"articleSection\":[\"Interesting\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4054#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4054\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=4054\",\"name\":\"The Republican-controlled House just passed a stock trading bill \u2014\u00a0that exempts Trump\u2019s 3,600 Q1 trades - 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