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Luna Files Discharge Petition to Force House Vote on Congressional Stock-Trading Ban

The petition needs 218 signatures to compel a floor vote on a bipartisan proposal restricting lawmakers and their families from holding individual stocks.

Overview

  • Rep. Anna Paulina Luna formally launched a discharge petition on Dec. 2 to bypass House leaders and bring a stock-trading ban to the floor, with only Luna and Rep. Tim Burchett listed as initial signatories as others signal plans to join.
  • The push seeks to advance the Restore Trust in Congress Act led by Reps. Chip Roy and Seth Magaziner, which has 100+ co-sponsors and would bar members, spouses and dependents from owning or trading individual stocks while allowing diversified funds and imposing divestment and penalties.
  • House leaders have not scheduled a markup or vote despite a recent hearing, and the discharge process would force consideration if a House majority signs after required waiting periods.
  • Allies including Reps. Lauren Boebert and Elise Stefanik say they will sign, and a group of roughly 90 former House members urged Speaker Mike Johnson and Leader Hakeem Jeffries to bring the Roy–Magaziner bill to the floor this year.
  • Even if the House moves ahead, the Senate outlook remains uncertain, with a related measure advancing out of committee earlier this year with limited Republican support.