Trump Backs Ban on Congressional Stock Trading Amid Insider Trading Scrutiny
In a bold political move, former President Donald Trump declared on April 25 that he would “absolutely” sign a bill banning members of Congress from trading stocks. His statement comes amid growing bipartisan support to eliminate conflicts of interest in Washington, as public trust in lawmakers continues to erode.
The announcement follows controversy surrounding Representative Marjorie Taylor Greene, who reportedly purchased significant stock holdings just before Trump’s unexpected decision to pause international tariffs for 90 days. The move sparked a rally in the stock market, raising concerns about potential insider knowledge. Greene defended her actions, claiming her investments are managed by a fiduciary and were legally disclosed.
Efforts to curb congressional stock trading are not new, but Trump’s vocal support could inject fresh momentum into proposed legislation like the *Bipartisan Ban on Congressional Stock Ownership Act of 2023 (H.R.1679)*. The bill aims to prohibit lawmakers and their spouses from owning or trading stocks, ETFs, and other financial assets while in office.
With public sentiment overwhelmingly in favor of restricting financial conflicts of interest, Trump’s stance may resonate across party lines — and become a key talking point in the 2024 campaign trail. Thanks for reading and please research on CheckDot 🤝