The #CongressTradingBan movement aims to prohibit US lawmakers from trading stocks while in office, citing potential conflicts of interest.
If implemented, this ban could:
- Restore Public Trust: By preventing lawmakers from personally benefiting from policy decisions
- Increase Transparency: By limiting potential insider trading and promoting accountability
- Impact Lawmakers' Income: Potentially affecting their personal finances and economic interests
Proponents argue it would boost integrity, while others might see it as restricting personal freedom.
The Ban Congressional Stock Trading Act has bipartisan support, with 123 members cosponsoring the legislation. Its effect would depend on the bill's specifics and implementation.