Bipartisan legislation in House and Senate aims to ban 'deeply corrupt' stock trades by members of Congress

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Lawmakers in the House and Senate introduced new legislation that would ban members of Congress and their families from trading stocks while in office.

Democratic and Republican lawmakers introduced new legislation Tuesday to block stock trading byThe legislation, led by Sen. Jeff Merkley, D-Ore., in the Senate and Rep. Michael Cloud, R-Texas, in the House of Representatives, would prohibit"members of Congress, their spouses and dependent children from abusing their positions for personal financial gain by owning or trading securities, commodities, or futures.

In addition to barring lawmakers and family members from trading individual stocks, Merkley's ETHICS Act would require lawmakers to disclose when they receive any benefit from the government, and penalize them if they do not comply. "Congressional stock trading is deeply corrupt. We are elected to serve the public, not our portfolios. And no member should vote on bills biased by the character of their holdings," Merkley said in a statement.

Rep. Nancy Pelosi came under fire for alleged corrupt trading when her husband traded at least $1 million in stocks for semiconductors just days before Congress gave the industry a funding boost.who has signed on in support of the bill as of Tuesday, according to a press release from Merkley's office. Joining Cloud as co-sponsor on the House version of the bill is Rep. Alexandria Ocasio-Cortez, D-NY.

The ETHICS Act is cosponsored by Senators Kirsten Gillibrand , Angus King , Bernie Sanders , Debbie Stabenow , Jeanne Shaheen , Tammy Duckworth , Bob Casey , Peter Welch , Ben Ray Luján , John Fetterman , Mazie Hirono , Catherine Cortez Masto , Tammy Baldwin , Chris Van Hollen , Ben Cardin , Jon Tester , Martin Heinrich , Tim Kaine , and Richard Blumenthal .

 

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FOX agreed to pay Dominion $787.5 Million, for years of spreading Trump's election fraud lies & conspiracy theories. 100's of pages of pre-trial Discovery showed texts by hosts behind-the-scenes, saying they didn't believe a word of it--and even reviled Trump.

Ban all trading from elected representatives. That’s not why they are there, to make stick trades if insider information.

You might want to work on your own corruption and lies! Fox ‘News’ Admits Lying, Settles With Dominion For Nearly $800 Million Huge defamation case abruptly ends on first day of trial.

About time!!!

Yeah right

About time they deal with deeply corrupt news stations like foxnews as well!

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Watch it will Never happen

When are they going to agree on something for the people though…

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