Ban stock trading based on Congressional insider knowledge. (Nov 2011)
Ban stock trading based on congressional insider knowledge.
Occurrences
Evidence
Hon. Austin Scott, GA08. Transactions include sales of GE Aerospace Common Stock (GE) and GE Vernova Inc. Common Stock (GEV) dated 02/17/2026 and filed 03/12/2026. The filing certifies the transactions were disclosed as required by the STOCK Act.
H.R. 7008 was introduced in the House on 01/12/2026, reported (amended) by the Committee on House Administration on 02/03/2026, and placed on the Union Calendar. The bill status is Introduced.
H.R. 396 was introduced in the House on 01/14/2025 and referred to the House Committee on House Administration. The summary states the bill would require a Member of Congress and certain family members to place specified investments into a qualified blind trust during their tenure.
Assessments
No federal ban on congressional stock trading was delivered. As of June 11, 2026, the two relevant 119th Congress proposals in the record, H.R. 396 and H.R. 7008, had not become law; Congress.gov showed H.R. 396 still at introduced/referred status, and H.R. 7008 also had not reached enactment. Candidate credit is also weak: Austin Scott was not the sponsor of either bill, the official bill pages do not show him materially advancing them, and his March 12, 2026 House disclosure shows continued stock transactions while serving in office. Under a federal officeholder standard, that means the promised outcome was not achieved in his term and there is not enough Scott-specific legislative effort to justify partial delivery or an effort badge.
The promised outcome was a federal ban or restriction on congressional stock trading based on insider knowledge. The evidence shows related legislation was introduced and advanced in committee during Scott's current federal term, including H.R. 7008 and H.R. 396, but neither is shown as enacted. Scott also continued filing individual stock transactions under the existing STOCK Act in 2026, indicating the broader promised ban had not been delivered. Because there was serious legislative activity toward the issue but no completed federal outcome, this is a failed delivery with an effort badge rather than partial or delivered credit.