Push to ban lawmaker stock trading gets new life
The years-long effort to ban members of Congress from trading stocks is back in the spotlight following a House Ethics Committee report that took issue with transactions made by a member’s spouse, and after a Senate panel advanced legislation to prohibit lawmakers from making transactions.
And some lawmakers are vowing to keep the topic front and center into the fall as they look to make headways on a matter that has mystified Congress.
Leading that effort is Rep. Anna Paulina Luna (R-Fla.), who plans to file a discharge petition on legislation to prohibit lawmakers and their immediate families from owning, trading or controlling stocks, commodities or futures, directing lawmakers to divest their holdings within 180 days of the bill’s enactment.
If the procedural gambit is successful, the legislation, sponsored by Rep. Tim Burchett (R-Tenn), would hit the floor in the fall. But if the past is prologue, getting the measure over the finish line will be a tall task.
https://finance.yahoo.com/news/push-ban-lawmaker-stock-trading-100000249.html
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