Story perspectives

Senate Blocks Stop Insider Trading Act in 53–47 Vote

By Drooid · Oct 3, 2026, 7:58 PM UTC · How we work

Summary

Story summary

The U.S. Senate voted to block the Stop Insider Trading Act on September 30, 2026.
The measure failed 53–47, missing the 60 votes needed to reach the floor.
All Democrats and independents opposed, with Senate Democratic leader Chuck Schumer calling it a “permission slip for corruption.”
The bill would have barred members of Congress, their spouses and dependent children from buying individual stocks.

History

Historical Context

The STOCK Act, written by Rep. Brian Baird and signed by President Barack Obama on April 4 2012, forced Congress and staff to disclose securities trades within 45 days, generating more than 5,000 public filings in its first year after a 96-3 Senate vote. That transparency framework underlies today’s Senate debate on the Stop Insider Trading Act.

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Story summary

The U.S. Senate voted to block the Stop Insider Trading Act on September 30, 2026.
The measure failed 53–47, missing the 60 votes needed to reach the floor.
All Democrats and independents opposed, with Senate Democratic leader Chuck Schumer calling it a “permission slip for corruption.”
The bill would have barred members of Congress, their spouses and dependent children from buying individual stocks.

1 / 2