#CongressTradingBan

The #CongressTradingBan refers to proposed legislation aimed at preventing members of Congress and their families from trading individual stocks or engaging in insider trading. This move seeks to restore public trust in the government by ensuring lawmakers prioritize serving the public interest over personal financial gain.

Key Proposals:

- *TRUST in Congress Act*: Reintroduced by Rep. Chip Roy (TX-21) and Rep. Seth Magaziner (RI-1), this bipartisan bill would require members of Congress, their spouses, and dependent children to place investment assets into a qualified blind trust.

- *Ban Congressional Stock Trading Act*: Introduced to prohibit members of Congress from trading individual stocks, this bill aims to prevent potential conflicts of interest.

Support and Rationale:

- Lawmakers like Rep. Alexandria Ocasio-Cortez (D-New York) argue that members of Congress should not trade stocks due to their access to sensitive information, which can erode public trust in government.

- Democratic leaders, including House Minority Leader Hakeem Jeffries (D-New York), have expressed support for restrictions on stock trading among federal policymakers ¹ ².

Implications:

- Proponents believe that banning congressional stock trading would help prevent corruption and ensure that lawmakers serve the public interest rather than their own financial interests.

- Critics might argue that such restrictions could limit lawmakers' ability to manage their personal finances, but supporters believe the benefits to public trust outweigh these concerns.