Congressman Pat Harrigan Joins as Original Cosponsor of Stop Insider Trading Act

Contact: Lexi Kranich (814) 380-4408

WASHINGTON, D.C.—Today, Congressman Pat Harrigan (NC-10) joined as an original cosponsor of the Stop Insider Trading Act, bipartisan legislation led by House Administration Committee Chairman Bryan Steil to ensure Members of Congress cannot use their positions to profit off insider information.

The Stop Insider Trading Act bans Members of Congress, their spouses, and their dependent children from purchasing stocks in publicly traded companies. The legislation also requires advance public disclosure of any intended stock sale and establishes real financial penalties for violations, strengthening transparency and accountability in Congress.

“Americans don’t trust Congress because too many politicians act like the rules don’t apply to them,” said Congressman Harrigan. “Lawmakers should not be trading stocks at all, let alone trading on information the public doesn’t have. I haven’t traded individual stocks since coming to Congress, and I’m proud to support a bill that draws a hard line, shuts the door on insider trading, and puts public trust ahead of personal profit.”

The legislation comes amid growing concern from Americans across the political spectrum that existing law does not go far enough to prevent abuses. The Stop Insider Trading Act builds on current requirements by closing loopholes, increasing transparency, and reinforcing that Members of Congress are here to serve the people they represent, not themselves.