There’s growing bi-partisan support for a bill to ban members of congress from trading individual stocks while serving on Capitol Hill. Now, a group of 27 House members are calling on Speaker Pelosi and Minority Leader McCarthy to bring it to the floor.
“There is no reason that members of Congress need to be allowed to trade stocks when we should be focused on doing our jobs and serving our constituents,” the lawmakers, led by Rep. Jared Golden (D-Maine), wrote in a letter to House leaders.
“Perhaps this means some of our colleagues will miss out on lucrative investment opportunities. We don’t care. We came to Congress to serve our country, not turn a quick buck.”
The Ban Conflicted Trading Act and the TRUST in Congress Act would prevent members of congress, family members, and senior staffers from trading while in office.
“We understand that multiple bipartisan bills to ban members of Congress from owning or trading individual stocks have been introduced in the House. However, handwringing over which bill to advance should be no excuse for stalling a House floor vote on this issue,” the lawmakers wrote, adding that differences between the proposals can be resolved through amendments.