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Rep. Anna Paulina Luna, R-Fla., filed a discharge petition Tuesday in an attempt to force a vote on a proposal to bar lawmakers, their spouses and dependent children from possessing and dealing individual shares.
“We introduced a bipartisan bill today that will prohibit members of Congress from being able to participate in the insider trading cartel going on here in the House of Representatives. We had to do it via a discharge petition because of the BS on the background. And yes, there is BS,” Luna wrote on Tuesday post on X.
“Restoring Confidence in Congress Act,” spearheaded earlier this year by Rep. Chip Roy, R-Texas, and Rep. Seth Magaziner, D-R.I., with the support of a bipartisan group of other lawmakers, would prohibit members of Congress, their spouses and dependent children from owning or trading in “an investment in a security, commodity, future or any comparable economic interest acquired through synthetic means, such as using a derivative, including an option, warrant or other similar means.” It also requires divesting those investment vehicles they already hold.
FLORIDA CONGRESSMAN PRAISES TRUMP’S FREEZING OF ASYLUM DECISIONS FROM ‘THIRD WORLD COUNTRIES’
Rep. Anna Paulina Luna, R-Fla., during a dinner with members of the Cabinet and members of Congress, in the Rose Garden of the White House. (Francis Chung/Politico/Bloomberg via Getty Images/Getty Images)
Legislators they would face a fine if they did not comply.
The proposal states that the bans would not apply to ownership in a “diversified investment fund” that is “diversified and publicly traded on a national or regional stock exchange.”
And while the ban includes investment In the case of goods, the proposal specifically stipulates that the word “goods” under the measure would not include precious metals.
Luna, who was listed as one of the original co-sponsors of the “Restore Confidence in Congress Act” introduced earlier this year, is using procedural machinations to indirectly force a vote on the measure’s content.
TAIL. CHIP ROY CALLS CONGRESSIONAL STOCK TRADING “CLEAR CONFLICT OF INTEREST”
Rep. Chip Roy, R-Texas, leaves the House Republican Conference meeting at the U.S. Capitol on Tuesday, April 8, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images / Getty Images)
Her motion to dismiss would force a vote on a resolution that, if approved, would strip content from a separate bill, replace the content of the “Restoring Confidence in Congress Act” and move to House consideration of the proposed congressional stock ownership and trading ban.
BIPIPARTIC LAWMAKERS UNITE DURING HEARING ON INSIDER STOCK TRADING
The moon rises over the U.S. Capitol and the U.S. Capitol Christmas tree during the Christmas Tree Lighting Ceremony on the West Lawn of the U.S. Capitol on December 2, 2025 in Washington, DC (Andrew Harnik/Getty Images/Getty Images)
ua joint statement responding to the discharge petition on Tuesday, Roy and Magaziner said: “The clock is now ticking. If the leadership does not act quickly on a strong ban on dealing in the stock of Congress, the members of the body will act.”
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Tail. Lauren Boebert, R-Colo., said ua post on X on Tuesday that he will sign the request for dismissal.
“It is completely unconscionable that a bill prohibiting members of Congress from trading individual stocks would need a discharge petition just to get a vote in the House of Representatives,” she wrote.
