Overview

• The Senate Homeland Security and Governmental Affairs Committee voted 8-4 to advance the HONEST Act, which would bar members of Congress and the president and vice president from individual stock trades.
• President Trump, who pledged in April to “absolutely” sign a trading ban, attacked Sen. Josh Hawley on Truth Social, calling him a “second-tier Senator” over a misunderstanding of divestment timing.
• Under the bill’s revised terms, current officeholders would delay full divestment until the start of a new term, effectively exempting President Trump during his second term.
• Sponsors in both the House and Senate are lining up discharge petitions and companion measures to force floor votes after the committee cleared the bill.
• Decade-long failures of the STOCK Act and polls showing more than 80% public support continue to fuel bipartisan pressure for a comprehensive trading ban.