Following reports that the House Administration Committee will hold a markup this morning on the Stop Insider Trading Act, CREW Executive Director and Chief Counsel Donald K. Sherman issued the following statement:

“The Stop Insider Trading Act is a joke. For years, the public has overwhelmingly called for a ban on congressional stock ownership and trading. This bill bans neither. It’s a farce that maintains the status quo and provides members of Congress with loopholes so that they can continue to enrich themselves, all while claiming to advance meaningful reform. If Speaker Johnson and Congress want to get serious about this issue, they can advance the Restore Trust in Congress Act, a comprehensive congressional stock trading ban backed by lawmakers from both parties.”