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yesterday

Senate Panel Advances Honest Act Stock Trading Ban Over Trump Objections

It remains unclear whether Republican leaders will bring it to the floor after the narrow committee approval triggered sharp criticism from the president.

Sen. Josh Hawley speaks to reporters on Capitol Hill in Washington, DC, on Wednesday, July 30, 2025.
Sen. Josh Hawley, R-Mo., walks from the Senate chamber as Senate Republicans vote on President Donald Trump's request to cancel about $9 billion in foreign aid and public broadcasting spending, at the Capitol in Washington, Wednesday, July 16, 2025. (AP Photo/Rod Lamkey, Jr.)
A television broadcast shows President Donald Trump on the floor of the New York Stock Exchange on Monday, July 28, 2025.

Overview

  • The Senate Homeland Security and Governmental Affairs Committee voted 8-7 to advance the Honest Act after Sen. Josh Hawley joined Democrats as the sole GOP supporter.
  • The bill would bar members of Congress and their spouses from trading or holding individual stocks, mandate divestment within 180 days, require annual ethics certifications and subject compliance to biennial GAO audits.
  • A provision delays the stock-trading prohibition for presidents and vice presidents until their next terms, effectively exempting the current Trump administration.
  • President Trump denounced Hawley on Truth Social as a “pawn” and “second-tier senator,” intensifying pressure on GOP leaders to oppose the measure.
  • In the House, Rep. Anna Paulina Luna has launched a discharge petition to force a vote on a companion ban, underscoring deep intraparty divisions.