A handful of Democratic senators are making a renewed push to pass legislation banning members of Congress from trading individual stocks while in elective office.
Utah Rep. Chris Stewart weighs in on reports that President Biden's team pulled support of ban on members of Congress stock-trading in SOTU on 'The Evening Edit.'CongressSens. Jeff Merkley of Oregon and Jon Ossoff of Georgia are leading a last-ditch effort to pass some type of congressional stock trading ban before the year ends. Lawmakers have introduced several different proposals, but there is no consensus on what the latest measure should look like.
House Speaker Nancy Pelosi, once a staunch opponent of such restrictions, and House GOP Leader Kevin McCarthy have both indicated they are open to installing some parameters – or outright bans – on lawmakers' ability to trade individual stocks when they are in public office. Under the STOCK Act, it's illegal for members of Congress and their families to profit from inside information and it requires lawmakers to report stock trades to Congress within 45 days. In some recent cases, lawmakers have failed to report their trades altogether.
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