#CongressTradingBan There are ongoing efforts to ban stock trading among members of Congress, their spouses, and dependent children. Two notable bills aimed at preventing insider trading and promoting transparency are ¹ ²:
- *TRUST in Congress Act*: This bipartisan legislation, reintroduced in January 2025, would require lawmakers and their immediate family to either divest from individual stock holdings or move their investments into a qualified blind trust during their tenure in Congress. The bill has garnered support from 44 lawmakers and several advocacy groups.
- *No Corruption in Government Act*: Introduced in January 2025, this bill would prevent members of Congress and their spouses from holding or trading individual stocks, repeal automatic annual pay raises, and triple the lobbying ban for members of Congress. The bill's supporters argue that it would help restore transparency, accountability, and integrity to the government.
Key provisions of these bills include ¹ ²:
- *Divestment or Blind Trust*: Lawmakers and their families would need to divest from individual stocks or place them in a qualified blind trust.
- *Public Disclosure*: Certifications regarding blind trusts or lack of covered investments would be made publicly available.
- *Penalties for Non-Compliance*: Not specified in the current information, but the bills aim to prevent conflicts of interest and promote public trust.
These efforts aim to address concerns about potential conflicts of interest and promote transparency in government. Public polling suggests that approximately 75% of Americans support banning members of Congress from trading individual stocks.