#CongressTradingBan #CongressTradingBan

This week, U.S. Representative Emanuel Cleaver II (D-MO) joined Representatives Seth Magaziner (D-RI) and Chip Roy (R-TX) along with 43 other lawmakers in reintroducing the bipartisan Transparent Representation Upholding Service and Trust (TRUST) in Congress Act, which would effectively prohibit members of Congress, their spouses, and children from trading individual stocks. To limit the potential for insider trading among members of Congress, the TRUST in Congress Act would require lawmakers and their immediate family to divest from individual stock holdings or transfer their investments to a qualified blind trust for the duration of their time in Congress, ensuring they cannot profit from nonpublic information shared with lawmakers.

"Just as we prohibit athletes from betting on games in which they may have a direct influence on the outcome or confidential information about team performance, common sense dictates that lawmakers should be prohibited from investing in stocks," said Congressman Cleaver. "In times when Americans' trust in our democratic institutions is at an all-time low, lawmakers must take steps to show they are dedicated to serving the public, not their personal stock portfolios. That’s why I am proud to be a co-sponsor of the bipartisan TRUST in Congress Act."