“My bill with Senator Gillibrand is common sense: ban elected and executive branch officials from trading or holding stocks, and put the American public first.”
is common sense: ban elected and executive branch officials from trading or holding stocks, and put the American public first.”
A poll by Morning Consult and Politico found 68% of registered voters support banning members of Congress from trading stocks while a University of Maryland poll found nearly nine in 10 want to bar the president, vice president and the Supreme Court from trading in individual companies. An existing law, the STOCK Act, forbids members of Congress from using insider Capitol Hill information to trade stocks but sponsors of the new bill say members found ways around it and aren’t properly disclosing their trades.
They say the new bill will put muscle behind restrictions through penalties and disclosure requirements, including a provision that requires members of Congress, senior congressional staff, the president, vice president and senior executive branch employees to report any time they, a spouse, or a dependent applies for or receives a benefit of value from the federal government.
“This bill is the most substantive bipartisan effort to date and I’m going to work hard alongside Senator
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