Burnett demands end to Congressional stock trading: 'no more conflicts of interest

PRESS RELEASE

FOR IMMEDIATE RELEASE                                                                             January 12, 2026

Contact: Joshua Knaak

(585) 435-0477 / knaakjoshua60@gmail.com

GAITHERSBURG, MD: House Administration Committee Chairman Steil (R-WI) introduced the Stop Insider Trading Act, which ensures lawmakers can't exploit insider knowledge for financial benefit through their positions. Additionally, this bill bars Members, their spouses, and their dependent children from buying securities issued by publicly traded companies. More importantly, this legislation mandates Members of Congress "to file a public notice at least seven days, but no more than 14 days," ahead of any intended stock transaction with the Clerk of the House of Representatives or the Secretary of the Senate. The bill is scheduled for markup on Wednesday, January 14, at 10 AM.

“While this is a positive step forward, I remain opposed to any conflict of interest, including stock ownership,” said Burnett. "I have consistently advocated for banning Members of Congress from owning stocks while in Congress and have stated repeatedly that I would divest all my holdings before entering Congress. I continue to support the complete elimination of stock trading for Members of Congress."