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Senate committee vote on the HONEST Act, July 2025

On 30 July 2025 the Senate Homeland Security and Governmental Affairs Committee advanced Josh Hawley’s HONEST Act, which would ban members of Congress, the president and vice president from trading stocks, by 8 to 7.

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Dates
30 Jul 2025

Connections 6

involved

  • Senate Committee on Homeland Security and Governmental Affairs voted 8–7 to advance the bill Scholarship & press 1
  • Joni Ernst voted no; said the bills were switched at the last minute Scholarship & press 2
  • Ron Johnson called the bill “legislative demagoguery”; said existing insider-trading and disclosure laws make it unnecessary Scholarship & press 3
  • Rick Scott proposed exempting the president and vice president; said he agrees lawmakers shouldn’t be trading stocks Scholarship & press 1
  • Nancy Pelosi issued a statement supporting the act as amended Scholarship & press 4
  • Josh Hawley the only Republican on the committee to vote yes, with the Democrats; said blind trusts are “often workarounds” Scholarship & press 13
Timeline 1 date
  1. 30 Jul 2025 Senate committee vote on the HONEST Act, July 2025
Proof 4 sources
  1. GOP Sen. Josh Hawley and Democrats vote to advance congressional stock trading ban, CBS News, 31 Jul 2025. Scholarship & press
    In an 8-7 vote, Hawley and Senate Democrats on the U.S. Senate Committee on Homeland Security and Governmental Affairs voted the legislation out of committee, with all other Republicans on the committee voting against it.
    said he agrees lawmakers shouldn't be trading stocks.
    I don't know when in this country it became a negative to make money.
    Hawley and Senate Democrats on the U.S. Senate Committee on Homeland Security and Governmental Affairs voted the legislation out of committee, with all other Republicans on the committee voting against it.
    Some Republicans on the Senate Homeland Security Committee insisted that blind trusts are sufficiently restrictive. But Hawley said blind trusts are "often workarounds,"
  2. Ernst defends ‘no’ vote on stock trading ban, KMA News. Scholarship & press
    What happened in the committee is the bills were switched--we had a last-minute substitution
    For those members that are business owners, they would have to get rid of their business entirely
  3. Trump calls GOP’s Hawley ‘second tier’ senator after bill to ban stock trades in government advances, Associated Press, 30 Jul 2025. Scholarship & press
    We do have insider trading laws. We have financial disclosure.
    It also requires the elected officials to divest from all covered investments, but not until starting at the beginning of their next term in office — shielding Trump from that requirement.
    Hawley's legislation with the panel's top Democrat, Sen. Gary Peters of Michigan, sailed out of the Senate Committee on Homeland Security and Governmental Affairs
  4. Pelosi supports Hawley’s congressional stock trading ban, KRON4. Scholarship & press
    Pelosi (D-San Francisco) issued a statement supporting the act
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