Congress stock trading ban

House Republican Moves to Force Vote on Congressional Stock Ban

Representative Anna Paulina Luna initiated a discharge petition to force a House vote on banning lawmakers and their spouses from trading individual stocks, circumventing Republican leadership. This move follows accusations of slow-walking the stock ban proposal and attempting to weaken the legislation, which has broad bipartisan support. The underlying bill, led by Representative Tim Burchett, seeks to prohibit members of Congress, their spouses, and dependents from engaging in individual stock trading. This marks the third discharge petition filed by a Republican this year, reflecting a growing trend of bypassing leadership on key legislative matters.

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Bipartisan Bill Could Ban Congressional Stock Trading

Stock trading by members of Congress could be banned in a bipartisan push, and honestly, it’s about time. It’s the kind of move that seems like it should have been in place from the get-go. The idea is simple: prevent members of Congress, their spouses, dependent children, and any trusts they control from buying, selling, or owning stocks, commodities, or other financial instruments. New lawmakers would have a 90-day window to comply, while those already in office get 180 days to divest. It sounds straightforward, but as with anything involving legislation, the devil is in the details, like how to handle diversified funds, and the potential for loopholes.… Continue reading