The Vote That Shows the Whole Problem
Nearly nine in ten Americans think members of Congress should not trade stocks in the companies they regulate: 86 percent overall, including 87 percent of Republicans, 88 percent of Democrats, and 81 percent of independents.1
You cannot get 86 percent of Americans to agree on pizza toppings.
On July 22, 2026, the House finally voted on a plan to fix it. What passed was watered down to the point that members could keep and sell the holdings they already had, the president and vice president were left out entirely, and the whole thing arrived tied to an unrelated voter-identification fight. Every Republican voted for the package. All but thirteen Democrats voted against it.2
Broad support in every party went in. What came out was compromised and partisan.
The obvious explanation is corruption, members protecting their own investments by writing themselves an escape hatch. I held that view for a long time. What actually happened is harder to repair.
Everyone in the story can defend their part of it. The members who voted no had real objections. The majority used a legislative tactic everyone has seen before. Nobody had to take a bribe or break a rule. The machine produced this result while operating normally.
Common sense: public officials should not be able to use public office for private financial advantage.
That is the central failure. Our political system often rewards keeping a useful conflict alive more than it rewards closing a deal that lets the other side win too. Until that changes, expect the same outcome on every other problem Americans broadly agree on.
SOURCES, NOTES, AND HOW WE’LL MEASURE THIS
| Members of Congress and covered family trading individual stocks | Legal → Banned |
- 1.Program for Public Consultation, University of Maryland, “Prohibit Members of Congress and Live-In Family from Trading Stocks,” national survey presentation, June 2023. The survey reported 86 percent support overall, including 87 percent of Republicans, 88 percent of Democrats, and 81 percent of independents. Source record S01
- 2.Office of the Clerk, U.S. House of Representatives, Roll Call 280 on H.R. 7008, July 22, 2026, 232–198; Associated Press reporting for bill content and political context. Source records S02–S03