Sen. Josh Hawley (R-MO) is making another attempt to reform stock ownership in the government with the introduction of a bill that would ban members of the executive branch from trading stocks.
. “While prohibitions already exist in federal law to prevent conflicts of interest, these laws are difficult to enforce and frankly, insufficient.”
The proposed limits on the executive officials would ensure that they and their spouses would divest from their stock market holdings or place them into a blind trust within six months of beginning their jobs. Diversified mutual funds are excluded from the ban. Hawley's office did not respond toThe legislation is nearly identical to the bill banning lawmakers from stock trading Hawley reintroduced in January.
Hawley's original effort stalled out during the last session when it never got a vote. A House bill under the same name, also introduced in January 2022, also never received a vote. A bipartisan group of representatives resurrected the House version in January. Reps. Chip Roy and Abigail Spanberger have partnered on the Transparent Representation Upholding Service and Trust in Congress, or TRUST, Act, in three consecutive sessions of Congress, but it has
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