#CongressTradingBan
The issue of a congressional trading ban has gained significant momentum in recent years, driven by concerns about potential insider trading and conflicts of interest among members of the U.S. Congress. Here's a breakdown of the situation as of recent meeting:
*Growing Bipartisan Support: There is increasing bipartisan support for restricting or banning stock trading by members of Congress. Public polling consistently shows strong support across party lines for such a ban.
* Multiple Bills Proposed: Several bills have been introduced in both the House and the Senate with the aim of congressional stock trading. These bills vary in their specifics but generally aim to prevent lawmakers from profiting from information they gain through their official duties. Some notable examples include:
- The No Corruption in Government Act: Introduced in January 2025 by Representatives Marie Gluesenkamp Perez and Zach Nunn, this bipartisan bill seeks to prevent members of Congress and their spouses from holding or trading individual stocks, end automatic pay raises, and extend the lobbying ban for former members.
- The TRUST in Congress Act: This bill, reintroduced in January 2025 with Representative Emanuel Cleaver as a co-sponsor, would require lawmakers and their immediate family members to either divest from individual stock holdings or move their investments into a qualified blind trust during their tenure in Congress.
- The Bipartisan Ban on Congressional Stock Ownership Act of 2023: Sponsored by Representative Pramila Jayapal, this bill aims to prohibit members of Congress and their spouses from owning or trading a wide range of securities, with a requirement to divest within 180 days of the bill's enactment or upon taking office.
- The Ban Congressional Stock Trading Act: Introduced in the Senate by Senator Jon Ossoff, this bipartisan bill passed a key Senate committee in July 2024, marking a significant step forward. It now awaits consideration by the full Senate.