Feenstra Helps Lead Legislation to Ban Members of Congress from Buying Stocks and Profiting Off Insider Information

Washington, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) helped introduce the Stop Insider Trading Act which would ensure that Members of Congress cannot profit from insider information. 

This bill would ban Members of Congress, their spouses, and their dependent children from purchasing individual stocks from publicly traded companies and would require a public seven-day advance notice before selling any individual stocks while they are serving as elected officials.

“Since being elected to Congress, my promise to Iowans has been that I would serve with integrity and deliver real results for our communities. Being a Member of Congress should always be about service to the people, not a means to personally profit,” said Rep. Feenstra. “I am glad to help lead this bill which bans elected officials from buying stocks and profiting off insider information while working to restore trust between Congress and the American people.”

###