Congress Passes Bill Banning Lawmakers' Family Stock Purchases Amid Pelosi Portfolio Scrutiny
The U.S. House of Representatives passed the Stop Insider Trading Act on July 22, 2026, banning members of Congress and their immediate family from buying individual publicly traded stocks. The legislation was driven in part by scrutiny over Nancy Pelosi's family portfolio, which reportedly grew from $30 million to an estimated net worth of $278–$280 million through high-performing trades, including well-timed NVIDIA options positions managed by her husband. The bill requires public disclosure of any intended stock sales at least seven days in advance and now awaits Senate action. Pelosi, who previously opposed such restrictions, publicly endorsed the ban ahead of the vote. The family portfolio outperformed major indices like the S&P 500 significantly in recent years, contributing to growing calls for reform. The bill's timing coincides with Pelosi’s final term as a representative and her retirement from Congress at the end of January 2027. If passed by the Senate before then, it would take effect alongside her departure.
Topics: congressional reform insider trading stock market regulation