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Political and Legislative

Lawmakers Introduce Bill to Ban Congress Members from Owning, Trading Stock

A bipartisan group of lawmakers introduced a bill on Tuesday that seeks to ban members of Congress from owning and trading stocks, the latest piece of legislation put forward in the effort to enact a stock trading ban for Congress.

A number of lawmakers from both parties and chambers introduced legislation in the last Congress to ban members from trading stocks while in office, but none of the proposed measures passed. The effort gained steam after news surfaced that several lawmakers had violated existing laws meant to prevent conflicts of interest when it comes to investing.

The House came close to holding a vote on legislation barring lawmakers from trading stocks in September 2022, but Democratic leadership ultimately scrapped those plans, saying there was not enough time to study the proposal.

Read the source article at thehill.com

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