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House Democrats introduce bill to ban lawmakers and their families from trading stock

Added 09-28-22 07:04:03am EST - “House Democrats are trying to crack down on conflicts of interest. They introduced a bill to ban members of Congress, Supreme Court justices, the president and more from trading stocks.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “House Democrats introduce bill to ban lawmakers and their families from trading stock”. Below is an excerpt from the article.

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House Democrats introduced legislation Tuesday that would prohibit federal officials from trading stocks in an effort to curb potential conflicts of interest.

The bill, titled the Combatting Financial Conflicts of Interest in Government Act, would ban congressional lawmakers and their spouses and dependent children, federal judges, Supreme Court justices, the president, vice president, members of the Federal Reserve System’s Board of Governors and others from trading or owning investments in securities, commodities, futures, cryptocurrency or other digital assets.

Those barred from trading stocks would be required to divest their holdings or put them into a qualified blind trust.

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