Spanberger Joins 19 Colleagues in Bipartisan Effort Urging U.S. House Leadership to Bring Legislation to House Floor to Ban Members of Congress from Owning & Trading Individual Stocks WASHINGTON, D.C. — U.S. Representative Abigail Spanberger yesterday joined a bipartisan group of colleagues in urging U.S. House Speaker Mike Johnson and U.S. House Minority Leader Hakeem Jeffries […]
Yeah well the problem, a lot of people responsible for making these laws a reality, own stocks. And you can bet your bottom dollar, they’re not giving that up for what’s “Right”. Not even the most Liberal of them. It’s a nice thought of course.
The idea is to not be able to trade individual stocks while in office, just have index funds, which should theoretically limit the ability to use insider knowledge for market manipulation. It’s a pretty big no Brainer for public trust, but this is congress we are talking about, so…