A bipartisan bush is gaining momentum in Congress that would ban lawmakers from trading individual stocks.
Ten years ago a similar push resulted in the passage of the STOCKS Act. That act quickly moved through both chambers and was signed into law shortly thereafter.
The STOCK Act requires members and their spouses to disclose when they buy and sell stocks.
Recent reports have indicated that this hasn’t been completely adhered to by members on both sides of the aisle.
Proponents say this is needed to remove doubt of conflicts of interest, but the main opponent, Nancy Pelosi, disagrees and says the ban runs counter to the free market economy America was build upon.
New reports have revealed that members if both parties profited from trades made after being briefed on the seriousness of the impending pandemic.
Charges were never fueled, but the public is demanding a greater level of transparency, and Congress is starting to hear the calls.