Congress Intensifies Efforts to Ban Stock Trading Amid Growing Pressure
In response to increasing concerns about ethics and transparency, a bipartisan group of lawmakers is pushing for a ban on congressional stock trading. This follows a weekend scandal at the Federal Reserve that has heightened scrutiny of financial activities among lawmakers. The House Committee has scheduled hearings to discuss the prospects of the Restore Trust in Congress Act, a bill aimed at limiting stock trading by members of Congress. Pressure is mounting as several representatives demand a vote on the ban, highlighting that a majority of Americans are against lawmakers trading stocks. Notably, Rep. Anna Paulina Luna is advocating for an outright ban, insisting that if lawmakers wish to trade stocks, they should do so on Wall Street. As Congress prepares to address this issue, there is a sense of urgency to restore public trust in the legislature.
Politico, C-SPAN, Yahoo Finance, Newsweek, The Hill, National Taxpayers Union, Roll Call, Citizens for Responsibility and Ethics in Washington, Alabama Political Reporter, Quiver Quantitative