urge immediate changes to the rules package for the 119th Congress to include a clear, enforceable ban on Members, their families, and staff trading in individual stocks and in prediction markets
Support House rules that ban members of Congress, their families, and congressional staff from trading individual stocks and participating in prediction markets.
Occurrences
We are writing to urge immediate changes to the rules package for the 119th Congress to include a clear, enforceable ban on Members, their families, and staff trading in individual stocks and in prediction markets.
Evidence
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Cloud’s office said he and Rep. Raja Krishnamoorthi led a bipartisan group calling on House leadership to adopt new House rules prohibiting Members, their families, and staff from trading individual stocks and participating in prediction markets.
legacy_unverified · Source version not recorded · locator unknown
The letter states that House rules should include a clear, enforceable ban on Members, their families, and staff trading in individual stocks and in prediction markets, and is signed by Michael Cloud.
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The Clerk recorded Cloud as voting Yea on passage of H.R. 7008, the Stop Insider Trading Act; the bill passed the House 232-198 on July 22, 2026.
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The engrossed House text defines covered individuals as Members of Congress, spouses, and dependent children, bars covered individuals from purchasing covered investments, and states the bill passed the House on July 22, 2026. The text does not include congressional staff or prediction-market language.
Assessments
Cloud materially supported the promised policy in the same federal House term by signing and helping lead a bipartisan push for House rules barring Members, families, and staff from individual stock trading and prediction markets, and by voting for H.R. 7008, a related House-passed stock-trading restriction. However, the promised outcome was not fully delivered: the evidence shows advocacy and a House-passed bill, not adoption of House rules, and H.R. 7008 did not cover congressional staff or prediction markets. This warrants partial credit with an effort badge, not full delivery.
Cloud materially supported the promised House-rule change during his current House term by leading and signing a bipartisan push asking House leadership to adopt rules banning members, families, and staff from individual stock trading and prediction-market participation. The provided evidence shows concrete advocacy, but not that the House actually adopted the rules or that the ban took effect, so the promised policy outcome was not fully delivered.