.RepJayapal, RepRosendale, & RepKenBuck introduced a bill to ban members of Congress and their spouses from owning or trading stocks. “Members...are elected to serve the people, not our own financial interests,' the bipartisan group said.
The bill from Reps. Pramila Jayapal , Matt Rosendale , and Ken Buck would ban members from owning individual stocks, commodities, futures, and other securities, derivatives, options, or another “complex investment vehicle,” the Hill reported.
“Members of Congress are elected to serve the people, not our own financial interests. As long as members and their spouses are allowed to trade individual stocks — the door to corruption remains open. This legislation is a long overdue, necessary step to raise the ethical standards of Congress and restore the people’s trust in our work,” the representative's quote continues.
“It’s unacceptable that so many career politicians abuse their office to enrich themselves rather than putting the interests of the American people first. I’m proud to introduce the Bipartisan Ban on Congressional Stock Ownership Act with Congresswoman Jayapal and Congressman Buck,” he continued.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Republicans torch Biden veto of bipartisan ESG bill: 'Good luck explaining this one'President Biden's first veto of a bipartisan bill striking down his Labor Department's new ESG rule drew sharp rebukes from Republicans in Congress.
Read more »
Bipartisan group of lawmakers establishes dialogue with Mexico’s president, congressman saysU.S. Rep. Tony Gonzales said a bipartisan group accomplished a dialogue with Mexico’s president this weekend.
Read more »
Senators lead bipartisan push for women’s suffrage monument on National MallSenators in both parties launched an effort Tuesday to place a national monument to the 19th Amendment and women’s right to vote on the National Mall, a stretch of Washington dotted with popular memorials — and where space is limited.
Read more »
Bipartisan trio introduces bill to ban lawmakers from owning and trading stocks in renewed pushOne Democrat and two Republicans introduced a bill on Tuesday that would ban members of Congress and their spouses from investing in individual stocks.
Read more »
House Intel panel launches bipartisan effort to renew surveillance programA bipartisan group of lawmakers launch an effort to save a secretive government spy tool that faces an uphill battle for reauthorization amid increased skepticism of the 9/11-era surveillance program.
Read more »
Biden signs bills to reverse D.C. criminal code changes and declassify info on COVID-19 originsPresident Biden signed a pair of bills into law Monday that reverse an overhaul of the District of Columbia's criminal code and require the declassification of information about the origins of the COVID-19 pandemic.
Read more »