Holding Foreign Insiders Accountable Act

# Holding Foreign Insiders Accountable Act (S 1089) Summary **What the bill would do:** The Holding Foreign Insiders Accountable Act aims to prevent foreign nationals from trading stocks and other securities based on insider information obtained through their work or position. The bill would close perceived gaps in existing insider trading laws that currently focus primarily on U.S. citizens and residents. If passed, it would extend insider trading prohibitions to foreign individuals who have access to non-public information about American companies. **Who it affects:** The bill would primarily affect foreign nationals—such as foreign government officials, diplomats, international business executives, and others working in sensitive positions—who might otherwise be able to trade U.S. securities using confidential information.

It could also impact foreign investment firms and entities that employ such individuals. Ordinary Americans would benefit through stronger market fairness protections. **Current Status:** As of now, the bill remains in committee, meaning it has not yet been debated or voted on by the full Senate. The bill was introduced by Senator John Kennedy (R-LA) in the 119th Congress. Committee review typically involves examining the proposal's legal implications, feasibility, and potential impacts before determining whether to advance it for broader consideration.