Reps Kickstart Effort to Ban Congressional Stock Trading
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.
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.
Banning members of Congress and government officials from trading stocks is highly popular, even among many rank and file lawmakers—but not among the congressional leaders who control which bills advance.
The Georgia Republican has been promoting Trump's tariffs on X.
The House intelligence committee member is buying millions of dollars worth of stock options in Microsoft.
Financial disclosures of freshman representatives reviewed by Sludge show large stock holdings in companies that will be directly impacted by the lawmakers' committee work.
The resolution urges Congress to pass legislation banning senators and representatives from trading stocks, but its current text would not cover spouses or dependent children. Khanna says the bill will be reintroduced next Congress to mirror the TRUST in Congress Act.
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 nine members of Congress have already violated the STOCK Act this month by failing to disclose their financial transactions within 45 days.
Josh Gottheimer bought KKR stock two days before receiving tens of thousands in donations from the firm's executives.
Nancy Pelosi’s husband recently invested up to $1.25 million in call options for the cybersecurity firm’s stock.