Congress Moves Closer to Barring Lawmakers From Trading on Stock Market

Congress Moves Closer to Barring Lawmakers From Trading on Stock Market

Congress Moves Closer to Barring Lawmakers , From Trading on Stock Market.br CNBC reports Democratic leaders have decided to move forward in drafting legislation that would ban members of Congress from trading stocks.br Under the direction of House Speaker Nancy Pelosi, the House Administration Committee br is currently drafting the legislation.br According to CNBC, the legislation will receive a vote before the November midterm elections.br When you’re elected, you’re here to br serve the people, not the elite, br and [a stock trading ban] br I think is a step forward, , Senator Steve Daines, (R), Montana, via CNBC.br ... an important step forward, to restore the faith and trust of the American people in this institution. , Senator Steve Daines, (R), Montana, via CNBC.br A move to support a ban on stock br trading for members of Congressbr is a dramatic shift for Pelosi, .br after years of rejecting br the idea of implementing limits on br how lawmakers can invest.br Congressional leaders have long br said a ban on stock market trading would make it br harder to recruit qualified candidates to run for office.br Meanwhile, associates of members br of Congress have become quite wealthy br by playing the stock market, including br those affiliated with Pelosi.br A recent survey conducted by br conservative advocacy group br the Convention of States Action, .br found 76 of voters thought lawmakers br and their families had an "unfair advantage" trading on the stock market.br Merely 5 of voters surveyed approved br of lawmakers trading stocks.


User: Wibbitz Politics News

Views: 329

Uploaded: 2022-02-09

Duration: 01:30

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