Senators Launch Cross-Party Effort To End Stock Trading By Lawmakers
1 week ago
Two senators from opposite parties are joining forces in a renewed push to ban members of Congress from trading stocks, an effort that has broad public support but has repeatedly stalled on Capitol Hill.
Democratic Sen. Kirsten Gillibrand of New York and Republican Sen. Ashley Moody of Florida on Thursday plan to introduce legislation, first shared with The Associated Press, that would bar lawmakers and their immediate family members from trading or owning individual stocks.
It's the latest in a flurry of proposals in the House and the Senate to limit stock trading in Congress, lending bipartisan momentum to the issue. But the sheer number of proposals has clouded the path forward. Republican leaders in the House are pushing their own bill on stock ownership, an alternative that critics have dismissed as watered down.
“There’s an American consensus around this, not a partisan consensus, that members of Congress and, frankly, senior members of administrations and the White House, shouldn’t be making money off the backs of the American people,” Gillibrand said in an interview with the AP on Wednesday.
Democratic Sen. Kirsten Gillibrand of New York and Republican Sen. Ashley Moody of Florida on Thursday plan to introduce legislation, first shared with The Associated Press, that would bar lawmakers and their immediate family members from trading or owning individual stocks.
It's the latest in a flurry of proposals in the House and the Senate to limit stock trading in Congress, lending bipartisan momentum to the issue. But the sheer number of proposals has clouded the path forward. Republican leaders in the House are pushing their own bill on stock ownership, an alternative that critics have dismissed as watered down.
“There’s an American consensus around this, not a partisan consensus, that members of Congress and, frankly, senior members of administrations and the White House, shouldn’t be making money off the backs of the American people,” Gillibrand said in an interview with the AP on Wednesday.
