The bill’s sponsor said that the Stop Insider Trading Act provides steep penalties to ensure that no member of Congress can profit off of insider information through stock trades.

The House is scheduled to vote on Wednesday on a bill that would bar members of Congress from purchasing additional stocks while in office.

The House has approved legislation that would bar members of Congress from purchasing individual stocks.

The bill would prohibit members of Congress, their spouses, and dependent children from buying publicly traded stocks while in office.