Bipartisan group, including Gaetz and Ocasio-Cortez, unveil bill to ban lawmakers from owning stocks

  • 📰 CBSNews
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

A bipartisan group of House lawmakers have unveiled a bill that would prohibit members of Congress from owning and trading individual stocks, a proposal aimed at restoring public trust by preventing lawmakers from profiting off insider information.

— Bipartisan Restoring Faith in Government Act

"The fact that members of the Progressive Caucus, the Freedom Caucus, and the Bipartisan Problem Solvers Caucus, reflecting the entirety of the political spectrum, can find common ground on key issues like this should send a powerful message to America," Fitzpatrick said in a statement.

Ocasio-Cortez said the"ability to individually trade stock erodes the public's trust in government." When members have access to classified information, we should not be trading in the stock market on it. It's really that simple," she said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 87. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AOC, Matt Gaetz team to push bill banning Congress members from owning, trading stocksThree US House lawmakers spanning the partisan divide have introduced a bipartisan bill to ban all stock trading for members of Congress.
Source: nypost - 🏆 91. / 67 Read more »

Senate Makes Bipartisan Push to Further Regulate Ticketing IndustryEarlier this week, Senators Ted Cruz (R-TX) and Maria Cantwell (D-WA) introduced a bill that would require ticket retailers to disclose fees upfront. See potential bias and similarities in coverage from NEWSMAX, CNBC, and NYMag:
Source: AllSidesNow - 🏆 572. / 51 Read more »