STOCK Act

Congress passed the STOCK Act in 2012 to increase transparency by requiring members to report stock trades, but the law failed to boost public confidence and instead generated negative headlines for late filings or trades through blind trusts. Examples include Rep. Tom Kean Jr., whose trades during health issues sparked criticism, and academic studies showing the law's limited impact on public trust.

The House Ethics Committee is investigating Rep. Lance Gooden, a four-term Texas Republican, following findings from the Office of Congressional Conduct referred on June 10. An update on the investigation is expected by November 9. A 2021 complaint by the Campaign Legal Center regarding unreported stock trades under the STOCK Act was sent to the OCC.

Elaine Luria, a former Congresswoman from Virginia, now supports a congressional stock trading ban despite previously dismissing it as 'bull----' in 2022. Her net worth increased from $1.13 million to over $22 million during her time in office, including investments in Alibaba and Tesla, with her husband purchasing Tesla stock before she voted for a bill benefiting the company.

Elaine Luria, a former Congresswoman, now supports a congressional stock trading ban after previously dismissing it as 'bull----'. Her financial disclosures show she held $250,000 in Alibaba stock and her husband purchased Tesla shares before related legislation, with her net worth rising from $1.13 million to $22 million during her time in office. She will face Jen Kiggans in a 2026 congressional race.