WASHINGTON—Today, Idaho Congressman Mike Simpson voted in favor of H.R. 7008, the Stop Insider Trading Act, a bill that ensures lawmakers don’t use their positions to profit off insider information. This legislation would ban members of Congress, their spouses, and their dependent children from purchasing individual securities issued by publicly traded companies. The Stop Insider Trading Act is sponsored by Rep. Bryan Steil (R-WI).
“The American people send lawmakers to Washington, D.C. to deliver on policy promises, not to enrich themselves by profiting off insider information. Republican, Democrat, or Independent, there must be consequences for those who are only working for their financial benefit. The passage of the Stop Insider Trading Act is a critical step in ensuring accountability and restoring public trust in elected officials,” said Rep. Simpson.
The measure was approved with a vote of 232 to 198.
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About Mike Simpson
An Idaho native, Mike Simpson was born in Burley and raised in Blackfoot. His political career began in 1980, when he was elected to the Blackfoot City Council. In 1984, he was elected to the Idaho Legislature where he served until 1998, the last six years serving as Speaker. Mike is currently serving his fourteenth term in the House of Representatives for Idaho’s second congressional district. Visit https://simpson.house.gov/ to learn more or find contact info.
