Congressman Begich Co-Sponsors Stop Insider Trading Act to Restore Trust in Congress

WASHINGTON, D.C. - Jan. 15, 2026 - Congressman Nick Begich has signed on as a co-sponsor of the Stop Insider Trading Act, legislation introduced by House Administration Committee Chairman Bryan Steil (WI-01) to prevent Members of Congress from profiting off insider information and to strengthen transparency and accountability in Washington.

"When Nancy Pelosi's stock portfolio consistently beats that of Warren Buffett, you have to believe something is amiss," said Congressman Begich. "Trading of individual stocks by members of Congress has become an increasingly problematic issue and needs to end."

BACKGROUND:

The Stop Insider Trading Act prohibits Members of Congress, their spouses, and their dependent children from purchasing securities issued by publicly traded companies.

The legislation also requires Members and other covered individuals to file a public notice with the Clerk of the House at least seven days and no more than 14 days before selling any existing stock. In addition, the bill establishes meaningful penalties for violations, including a fee equal to $2,000 or 10 percent of the value of the covered investment, whichever is greater.

The Stop Insider Trading Act reflects a broader effort to restore trust in government institutions. By holding Members to more stringent standards and limiting opportunities for self-enrichment, the legislation reinforces the principle that public service is a public trust.

On January 14, the House Administration Committee voted to advance the Stop Insider Trading Act out of Committee, a significant step toward closing loopholes and increasing transparency.

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