#CongressTradingBan

In a significant development, the U.S. Senate is advancing legislation aimed at banning stock trading by members of Congress and their immediate families. The bipartisan bill, known as the ETHICS Act (Ending Trading and Holdings in Congressional Stocks), has successfully passed the Senate Committee on Homeland Security and Governmental Affairs, marking the first time such legislation has cleared a Senate committee.

Key Provisions of the ETHICS Act:

Immediate prohibition on members of Congress purchasing individual stocks and other covered investments.

A 90-day window post-enactment for members to divest existing holdings.

By 2027, mandatory divestment of all covered investments by members of Congress, the President, and the Vice President.

The legislation is spearheaded by Senators Jon Ossoff (D-GA), Jeff Merkley (D-OR), Josh Hawley (R-MO), and Gary Peters (D-MI), reflectin#g a strong bipartisan effort to address concerns over potential conflicts of interest. Senator Merkley emphasized, "Members of Congress should serve the people, not their portfolios," highlighting the bill's intent to restore public trust in governmental institutions.

Following its committee approval, the ETHICS Act will proceed to the full Senate for consideration. Supporters are optimistic about its passage, noting the widespread public backing for measures that enhance transparency and accountability in Congress.