How Is This LEGAL? Senators Propose BANNING Stock Trades For Congress | The Left Wing 13.3
Independent Thought
English - November 02, 2023 10:49 - 22 minutes - 20.6 MBPolitics News Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Members of the U.S. Congress, the president, vice president and senior executive branch officials and their relatives will be banned from trading stocks under bipartisan legislation introduced on Tuesday.
Democratic Senator Kirsten Gillibrand said in a brief hallway interview that she and Republican Senator Josh Hawley formally offered the "Ban Stock Trading for Government Officials Act" after unveiling details of the measure earlier this month.
It would build on the decade-old Stop Trading on Congressional Knowledge (STOCK) law that aims to combat insider trading by members of Congress and their employees.
The new bill would not make any exceptions for officials' trading in blind trusts and would impose penalties of varying degrees on members of Congress and executive branch officials.
Related article: https://www.reuters.com/markets/us/senators-propose-banning-stock-trades-us-congress-president-2023-07-25/
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