Bipartisan Group Renews Push to Ban Lawmakers From Owning and Trading Stocks
A bipartisan group of lawmakers introduced legislation on Tuesday to ban members of Congress and their spouses from owning and trading stocks in a bid to restore trust in the U.S. government.
Reps. Ken Buck (R-Colo.), Pramila Jayapal (D-Wash.), and Matt Rosendale (R-Mont.) introduced the “Bipartisan Ban on Congressional Stock Ownership Act,” which aims to prevent elected officials from using their positions for personal financial gain.
“Members of Congress receive information that the public does not, it is inappropriate for elected officials to then turn around and invest or buy stocks using that insider information,” Busk said in a statement. “The American people must have trust that Congress uses this information only to conduct official business, not benefit a stock portfolio.”…