#CongressTradingBan The hashtag #CongressTradingBan refers to the proposal to prohibit the trading of stocks by members of the United States Congress, as well as their spouses and dependent children. This measure aims to prevent conflicts of interest and improve transparency in government. In recent years, there have been growing concerns about cases of alleged insider trading by legislators who conduct stock transactions during periods of high volatility in the markets.
Recently, the ETHICS Act was introduced, which prohibits members of Congress from buying or selling stocks, and requires them to sell their current stocks before 2027. This legislation has passed through the Senate Committee on Homeland Security and Governmental Affairs and is awaiting approval in the Upper House.
The proposal has gained bipartisan support due to concerns about fairness and the integrity of the legislative process. If approved, it would reduce the risk of corruption and increase public trust in government institutions. However, it is still in a legislative process that may face challenges before becoming law.