Friday, July 12, 2024

Senators Strike Bipartisan Deal for a Ban on Stock Trading

A bipartisan group of senators reached a new agreement on legislation that would ban members of Congress from trading stocks. The deal would forbid members of Congress their spouses and dependent children, as well as the president and vice president, from purchasing and selling stocks while in office.

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... A bipartisan group of senators on Wednesday launched a renewed effort to ban members of Congress from trading stock.

"Congress should not be here to make a buck," Sen. Josh Hawley, R-Mo., said at a press conference Wednesday on Capitol Hill. "There is no reason why members of Congress ought to be profiting off of the information that only they get."

The proposal is the latest chapter in a yearslong saga in Congress to pass regulations that limit lawmakers' ability to buy and sell stocks, and the first one to get formal consideration by a Senate committee " in this case the Homeland Security & Governmental Affairs Committee on July 24.

Ethics experts say that legislators' access to the kind of information they receive gives them the potential of having an unfair advantage to the investing public. ...


#1 | Posted by LampLighter at 2024-07-12 02:30 PM

And who, or how, or what will enforcement look like?

#2 | Posted by Wardog at 2024-07-12 09:06 PM

And who, or how, or what will enforcement look like?
#2 | Posted by Wardog

"Enforcement? What's that?"
- Venmo Gaetz

#3 | Posted by censored at 2024-07-13 07:51 AM

As long as you aren't related to your broker he's only a phone call away....

#4 | Posted by HanoverFist at 2024-07-13 09:11 AM

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