News Formal

Spanberger, Roy to support ban on members of Congress' 'inappropriate' ability to trade stocks

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

House Democrats are split on the issue of whether members of Congress should be restricted from owning or trading stocks, with moderate Rep. Abigail Spanberger becoming the latest to voice her support and urge the consideration of legislation to block what she called an “inappropriate” practice.

"When we’re going to briefings about issues that might be percolating in the world or when we’re voting on legislation that could potentially move markets, it just seems inappropriate to me that we currently have the ability to be able to buy or sell stocks that may or may not be associated with those decisions," Spanberger told NBC News in an interview."We’re voting on this stuff every single day.

and House GOP Leader Kevin McCarthy to "swiftly" hold a vote on any of the pieces of bipartisan legislation. In 2012, Congress passed the STOCK Act , the lawmakers wrote, which they said was an attempt to "prevent members of Congress from using congressional knowledge to their advantage in stock trading."

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:

 /  🏆 458. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

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

Momentum Is Growing to Ban Congress Members From Trading StocksSenate Majority Leader Chuck Schumer is reportedly instructing fellow Democrats to unite behind a proposal led by Sen. Jon Ossoff to ban members of Congress from trading stocks. 🤞
Source: truthout - 🏆 69. / 68 Read more »

Stocks making the biggest moves in the premarket: Spirit Airlines, Peloton, Energizer and moreThe stocks making the biggest moves in premarket trading include Spirit Airlines, Peloton, Energizer, and more.
Source: CNBC - 🏆 12. / 72 Read more »