Elizabeth Warren criticizes House stock trading ban as having 'major loopholes'; 48% of Congress still owns stocks
The U.S. House of Representatives passed the 'Stop Insider Trading Act' on July 22, 2026, which bans individual stock trading by members of Congress and their families but allows them to keep existing portfolios and reinvest dividends. Senator Elizabeth Warren criticized the bill on X, calling it full of 'major loopholes' and stating it 'won't solve the problem.' The bill also includes voter ID requirements for federal elections, a provision championed by President Trump. About 48% of members of Congress still own individual stocks as of late 2025, according to the Campaign Legal Center. Critics argue the legislation fails to address the appearance of insider trading and would not have prevented past cases like former Senator Richard Burr's stock sales before the pandemic crash. The bill faces an uncertain future in the Senate, where Democratic senators oppose both the stock trading provisions and the voting restrictions.
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