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
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.