Congressman Rudy Yakym (IN-02) voted to ban congressional stock trading

Wednesday, July 22, 2026 at 5:20 PM

Today, Congressman Rudy Yakym (IN-02) voted to ban congressional stock trading with passage of the Stop Insider Trading Act.

This legislation prohibits Members of Congress, their spouses, and their dependent children from purchasing publicly traded stocks. The Stop Insider Trading Act also requires public notice seven days before a lawmaker, spouse, or dependent child may sell a stock.

“When Hoosiers sent me to Congress, I promised I’d never use this seat to line my own pockets, and I’ve kept that promise every day since. Today’s vote is proof of that,” said Congressman Yakym. “This bill is common sense: it restores trust in Congress and makes clear no lawmaker should ever profit from information they get on the job.”

The Stop Insider Trading Act will:

Ban Members, their spouses, and their dependent children from purchasing a security issued by a publicly traded company.
Require Members of Congress to file a public notice at least seven days, but no more than 14 days, in advance of each intended sale with the Clerk of the House of Representatives.
Require the House Ethics Committee to issue a fee equal to $2,000 or 10% of the value of the covered investment – whichever is greater – plus the net gain realized from the sale, for violations of the law.