The Damage Report
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Congress IGNITES Over Stock Trading Ban In Renewed Battle
Posted
February 13, 2023
Views
7,899
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February 13, 2023
7,899
602
52
8.28%
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5:24Now PlayingCongress joined in both Democrats and Republicans are pushing a renewed initiative to finally ban congressional stock trading, with some titling the bill around Nancy Pelosi. John Iadarola and Dave Levinthal break it down on The Damage Report.
Read more here:
Lawmakers renew bipartisan push to ban congressional stock trading
"(CNN) - A bipartisan duo of House lawmakers reintroduced legislation to ban members of Congress from trading stocks while in office, renewing last year’s push that captured headlines but fell short of a floor vote.
Democratic Rep. Abigail Spanberger of Virginia and Republican Rep. Chip Roy of Texas reintroduced the TRUST in Congress Act on Thursday. It would require members of Congress, their spouses and their dependent children to put certain investment assets into a qualified blind trust while the member is in office.
“We are long overdue for a vote on legislation to ban Members of Congress and their spouses from trading individual stocks,” Spanberger said in a statement.
“Our TRUST in Congress Act would demonstrate that lawmakers are focused on serving the interests of the American people – not their own stock portfolios,” she added."
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