H.R. 3003 Targets Congressional Stock Ownership
The bill, H.R. 3003, also sponsored by Reps. Brian Fitzpatrick (R-Pa.) and Raja Krishnamoorthi (D-Ill.) aim to prohibit congressional spouses and dependents from owning or trading stocks.
Momentum Builds for Banning Congressional Stock Trades
Another bipartisan bill, the TRUST in Congress Act, introduced by Reps. Abigail Spanberger (D-Va.) and Chip Roy (R-Texas) would require members of Congress and their families to invest in blind trusts during their time in office.
Wealthy Congress Members Respond to Trading Ban Proposals
Rep. Dan Goldman (D-NY) and Rep. Nancy Pelosi (D-Calif.), two of Congress' wealthiest members, express support for legislation banning stock trading by members of Congress but are still evaluating different pieces of legislation.
The PELOSI Act Targets Politician Stock Ownership
Sen. Josh Hawley (R-Mo.) has introduced the PELOSI Act, which would bar members of Congress and their spouses from owning or trading stocks while in office, allowing them to place holdings in blind trusts.
BREAKING: US Representatives Alexandria Ocasio-Cortez and Matt Gaetz have introduced a bipartisan bill to prohibit members of Congress from trading and owning stocks.
— Paryte (@Parytecom) May 2, 2023
Calls for Stricter Restrictions on Congressional Stock Trading
Despite the 2012 STOCK Act, which outlawed insider trading for members of Congress, potential conflicts of interest have led to bipartisan calls for more stringent restrictions on stock ownership and trading by lawmakers.
