Bipartisan US senators renew push to ban stock trading for Congress
Share link:In this post: Bipartisan US senators are pushing to ban Congress members from trading stocks. A letter to House leaders urges a vote on amending the STOCK Act of 2012. Public support for the ban is strong, with 86% of Americans in favor.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional
US senators from both parties are trying again to stop Congress members from trading stocks. A group of 20 senators wrote a letter on July 9 to House Speaker Mike Johnson and Democratic Leader Hakeem Jeffries.
They want an amendment to the Stop Trading on Congressional Knowledge Act (STOCK Act) of 2012 to prevent lawmakers from trading stocks.
In their letter , the senators wrote:
“As we head into the last few months of the 118th Congress, we believe that taking action on this common-sense, bipartisan legislation will ensure that members of Congress are serving the country and their constituents, not their bank accounts.”
The STOCK Act was meant to stop Congress members from using non-public information for personal stock trading. However, recent investigations show it hasn’t worked. One in seven Congress members broke the STOCK Act in the 117th Congress.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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