Treasury Secretary backs push to ban lawmakers from trading stocks

Treasury Secretary Scott Bessent became the latest high-profile figure in Washington to support a push to ban members of Congress from trading stocks, a longstanding issue with bipartisan support among voters that lawmakers have not made into a reality.

There has been growing momentum among lawmakers in recent months to put limits in place on trading individual stocks amid concerns about conflicting interests and access to insider information for lawmakers who serve on committees and own stocks in industries they oversee.

Proponents of banning lawmakers from trading stocks say it will help restore faith in government, which has continued to decline amid partisan dysfunction and polarization among Congress. Voters of across ideologies have supported further restrictions for years as reports of making well-timed trades like during the pandemic or shortly before a new policy is announced have continued to pop up and raised suspicions.

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