House lawmakers urge Pelosi to bring stock trading ban to the floor
Added 01-24-22 11:57:01am EST - “A group of 27 House members on Monday called on Speaker Pelosi (D-Calif.) and House Minority Leader Kevin McCarthy (R-Calif.) to swiftly bring a bill to bar lawmakers from trading stocks to the House floor.” - Thehill.com
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A group of 27 House members on Monday called on Speaker Pelosi (D-Calif.) and House Minority Leader Kevin McCarthyKevin McCarthyVirginia's new AG sacks lawyers at University of Virginia, George Mason House has the power to subpoena its members — but does it have the will? Mask rules spark political games and a nasty environment in the House MORE (R-Calif.) to swiftly bring a bill to bar lawmakers from trading stocks to the House floor.
“There is no reason that members of Congress need to be allowed to trade stocks when we should be focused on doing our jobs and serving our constituents,” the lawmakers, led by Rep. Jared GoldenJared GoldenEleven interesting races to watch in 2022 On The Money — Senate risks Trump's ire with debt ceiling deal Democratic worries grow over politics of SALT cap MORE (D-Maine), wrote in a letter to House leaders.
“Perhaps this means some of our colleagues will miss out on lucrative investment opportunities. We don’t care. We came to Congress to serve our country, not turn a quick buck.”
The House members pointed to the Ban Conflicted Trading Act, which would prevent members of Congress and their immediate family from trading stocks, and the TRUST in Congress Act, which blocks stock trading by lawmakers and their senior staffers, as bipartisan bills that would restore public trust in Congress.
“We understand that multiple bipartisan bills to ban members of Congress from owning or trading individual stocks have been introduced in the House. However, handwringing over which bill to advance should be no excuse for stalling a House floor vote on this issue,” the lawmakers wrote, adding that differences between the proposals can be resolved through amendments.
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