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Bipartisan coalition making new push to
ban congressional stock trading

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Posted By: earlybird, 1/14/2023 11:53:01 AM

A bipartisan group of lawmakers is making a new push to ban members of Congress from private stock trading. It's an attempt to "demonstrate that lawmakers are focused on serving the interests of the American people -- not their own stock portfolios," Rep. Abigail Spanberger, a Virginia Democrat, said in reintroducing the measure along with Texas Republican Rep. Chip Roy. After failing to get a floor vote when last introduced in 2021, the "TRUST (Transparent Representation Upholding Service and Trust) in Congress Act," gained increasing support across the political spectrum in 2022 with 75 cosponsors, and its backers say that the number will grow even larger this time around.

Comments:

Nancy Pelosi dragged her feet while Paul made tons of money buying up options as well as stocks. Bill never brought to floor for a final vote.

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Reply 1 - Posted by: reefdiver 1/14/2023 11:57:17 AM (No. 1378527)
They should also take a look at lobbyist political "donations".
10 people like this.

Reply 2 - Posted by: Lucky5 1/14/2023 2:09:11 PM (No. 1378622)
Term limits, ban stock trading and all the perks from outside sources. This should cut down on the crooks, who will not be quite as attracted to the job.
5 people like this.

Reply 3 - Posted by: anniebc 1/14/2023 2:39:20 PM (No. 1378643)
Hear that Nan? Goes for your family investments too. Government work is supposed to be sacrificial, because it's meant to be service and temporary.
3 people like this.

Reply 4 - Posted by: chumley 1/14/2023 3:58:26 PM (No. 1378674)
Those crooks will find a way. They always do. Maybe they'll start fake corporations in someone else's name. Maybe they'll just call a trusted confederate. What they will never do is stifle their own ability to make a dishonest buck without a big fat loophole.
3 people like this.

Reply 5 - Posted by: john56 1/14/2023 3:59:25 PM (No. 1378675)
Passage of this bill will significantly move up the date that Nancy Pelosi accepts the appointment as Ambassador to Italy.
2 people like this.

Reply 6 - Posted by: 3XALADY 1/14/2023 5:12:38 PM (No. 1378706)
How about stopping the around the world junkets every time they have a long weekend given to them by countries or lobbyists or who knows who else. And lobbyist money. Make it stop. They need to live on their $200,000+ salary now that they got almost another thousand a week over last year.
2 people like this.

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