#CongressTradingBan The #CongressTradingBan movement aims to prohibit members of Congress from trading stocks while in office. This proposed ban is driven by concerns over potential insider trading and conflicts of interest, where lawmakers might use sensitive, non-public information to inform their investment decisions.
*Key Proponents:*
- *Rep. Alexandria Ocasio-Cortez (D-New York)*: She introduced a bill to ban lawmakers from owning and trading stocks, emphasizing that access to sensitive information should solely serve the American people, not personal gain.
- *House Minority Leader Hakeem Jeffries (D-New York)*: Jeffries supports legislation similar to Ocasio-Cortez's bill, stating that sitting members of Congress should not trade stocks, period.
*Arguments for the Ban:*
- Prevents insider trading and potential market manipulation
- Reduces conflicts of interest and promotes transparency
- Restores public trust in government
*Recent Developments:*
- The Ban Congressional Stock Trading Act was introduced in the 117th Congress (2021-2022) to prohibit members of Congress and their spouses from trading individual stocks.
- Some lawmakers, like Rep. Marjorie Taylor Greene (R-Georgia), have faced scrutiny for their stock trades, highlighting the need for stricter regulations ¹ ².
Would you like more information on this topic or updates on the bill's progress?