Biden’s Last-Minute Stock Trading Ban: Too Little, Too Late?
President Biden, in a recent interview, publicly endorsed a congressional stock trading ban for the first time, stating that lawmakers should not profit from the stock market during their tenure. This long-debated proposal, despite gaining bipartisan momentum with a Senate committee passing a bill in July, faces an uncertain future with the current Congress nearing its end. Biden’s statement highlights the ethical concerns surrounding potential conflicts of interest, arguing that such trading undermines public trust. The President’s support, while potentially impactful, may not be enough to overcome legislative hurdles before the session concludes.
John Q. Hosedrinker