Stop Trading on Congressional Knowledge Act

H.R. 5015, the Stop Trading on Congressional Knowledge Act, seeks to prohibit Members of Congress and their employees from using nonpublic information gained through their official duties to trade in the stock or commodities markets. The bill would require the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to create rules preventing individuals from profiting off "insider" knowledge of upcoming legislative actions.

For the average citizen, this legislation aims to ensure that government officials are held to the same transparency and insider trading standards as the general public. It would also require lawmakers to disclose their financial transactions more frequently and mandate that "political intelligence" firms—which sell information about government activities to investors—register and report their activities similarly to lobbyists.