Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

House Democrats Struggle To Agree On Banning Stock Trading By Lawmakers

Added 09-27-22 08:54:04pm EST - “Time is running out for a vote, and there's an apparent lack of consensus on specifics and muted opposition from lawmakers who think the restriction is not needed.” - Huffpost.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Huffpost.com: “House Democrats Struggle To Agree On Banning Stock Trading By Lawmakers”. Below is an excerpt from the article.

House Democrats’ legislation to prohibit lawmakers from owning and trading stocks in individual companies hit a snag Tuesday, when a top member’s support was thrown into doubt.

Democrats’ main goal for their remaining few days in Washington before leaving to hit the campaign trail until the Nov. 8 elections is to pass a bill temporarily funding the government until mid-December.

But this week also provides the last chance for them to put up a few more legislative achievements to show voters ― and the proposed ban could be one of those ― even if it will not pass the Senate soon, if ever.

The legislation would ban trading in individual company stocks by members of Congress, the president and vice president, members of the Supreme Court, members of the Federal Reserve Board, and Fed bank presidents and vice presidents. The prohibition would also apply to the officials’ spouses and dependent children.

House Majority Leader Steny Hoyer (D-Md.) listed the bill for “possible consideration” on the floor last Friday, raising the hopes of ban backers. But according to Punchbowl News on Tuesday, Hoyer was leaning against it.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

Comment Box is loading comments...

CLICK TO SHARE

BACK TO THE HOME-PAGE