Overview
- The House Administration Committee will convene next Wednesday for a hearing titled “Taking Stock of the STOCK Act,” led by Bryan Steil with witnesses from the Taxpayers Protection Alliance and the Manhattan Institute.
- The bipartisan Restore Trust in Congress Act, led by Reps. Chip Roy and Seth Magaziner, would require members, spouses, and dependent children to divest individual stocks within 180 days of enactment, with 90 days for new members.
- The proposal permits investments in diversified funds and U.S. Treasury bonds, excludes blind trusts, and applies to Congress rather than the executive branch.
- Enforcement in the bill would be handled by the House and Senate Ethics committees, which could levy fines equal to 10% of the investment and list violations on a public website.
- Rep. Anna Paulina Luna says she is prepared to use discharge petitions to force a vote if progress stalls, as watchdog reports and a New York Post account of Nancy Pelosi’s reported gains intensify scrutiny and public polling shows broad support, while President Trump and Speaker Mike Johnson express support without committing to a floor vote.