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Lawmakers Seek Ban on Congressional Stock Trading Amid Scandal

10/4/2025

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Summary

Story summary

Bipartisan lawmakers push to ban stock trading by members and their families.
Representative Cleo Fields (D-La.) bought Oracle stock shortly before a TikTok deal was announced, totaling $80,000-$200,000 from Sep 17-23.
The STOCK Act prohibits insider trading, but no Congress member has faced prosecution under it.
Restore Trust in Congress Act would consolidate proposals, while enforcement and penalties remain concerns.

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Story summary

Bipartisan lawmakers push to ban stock trading by members and their families.
Representative Cleo Fields (D-La.) bought Oracle stock shortly before a TikTok deal was announced, totaling $80,000-$200,000 from Sep 17-23.
The STOCK Act prohibits insider trading, but no Congress member has faced prosecution under it.
Restore Trust in Congress Act would consolidate proposals, while enforcement and penalties remain concerns.