Recent legislative efforts, including the Republican-led Stop Insider Trading Act introduced in the House in January 2026 and advanced through committee, along with companion Senate measures and a Democratic proposal in March, have generated discussion but produced no floor votes or enactment. Partisan divisions over scope, enforcement mechanisms, and provisions allowing existing holdings have slowed momentum in a Congress focused on other priorities. With the current session extending into 2026 and midterm considerations ahead, traders assess significant procedural and political barriers to any comprehensive ban taking effect before 2027. Late developments such as unified leadership support or expedited reconciliation could still shift the outlook.