Ban Members of Congress from Trading Stocks

Recent polling shows that 86% of Americans favor of banning members of Congress from trading stocks.
I spoke on the Senate floor in support of two bills that would ban Congress from trading stocks. As members of Congress, we have access to briefings and updates on a regular basis that provide nonpublic market information. Currently, there is little to prohibit elected officials from using such privileged information to guide their personal selection of stocks.
The Restore Trust in Congress Act would stop insider trading by members of Congress, their spouses, and dependent children through banning the ownership and trading of individual stocks. The Stop Insider Trading Act would prohibit members of Congress, their spouses, and dependent children from purchasing publicly traded stocks and mandates a seven-day public notice period before any stock sales can be executed. Congress should pass either of these bills.
Watch my full remarks by clicking here or on the image above. |