Senate Panel Advances Stock Trading Ban for Lawmakers, With Trump Exemption
In a contentious hearing, a Senate committee narrowly voted to advance a bill that would ban lawmakers from trading or owning stocks, digital assets, and other investments.
In a contentious hearing, a Senate committee narrowly voted to advance a bill that would ban lawmakers from trading or owning stocks, digital assets, and other investments.
A bipartisan House coalition is pushing legislation to ban members of Congress from trading stocks, after recent support from President Trump and Minority Leader Jeffries.
The House intelligence committee member is buying millions of dollars worth of stock options in Microsoft.
More than 50 members of Congress own stock in defense contractors whose profits are soaring from giant Pentagon budgets and supplemental weapons packages.
At least two more Democrats and a Republican senator failed to report stock transactions last year as a ban on congressional stock trading flounders in a Senate working group.
A new disclosure shows Rep. Kathy Manning (D-N.C.) and her spouse made dozens of undisclosed stock trades last year.
Sen. Jon Ossoff (D-GA) is planning a bill to ban stock trading by federal lawmakers and their spouses, but it faces an uphill battle this year.