[WSJ: U.S. Republicans Plan to Propose the 'Prohibition of Insider Trading Act'] BlockBeats News, January 12, according to The Wall Street Journal, House Republicans, including the Republican leadership, are jointly supporting a stock trading restriction bill, which they believe is the best solution to address the long-standing issue of lawmakers potentially profiting from insider information. The bill, drafted by House Administration Committee Chairman and Wisconsin Republican Representative Bryan Steil, aims to prohibit members of both chambers of Congress from increasing their holdings of individual stocks. The bill has received support from the House Republican leadership and has been endorsed by various factions within the Republican Party. This proposal, named the 'Prohibition of Insider Trading Act,' is scheduled to be formally submitted on Monday. However, under this plan, while members of Congress would be prohibited from purchasing additional individual stocks, they would still be allowed to trade diversified investment funds.