House Democratic leadership will announce legislation in August banning lawmakers from trading stocks

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House Democratic leadership will announce legislation next month that would ban lawmakers, their spouses and senior staff from trading stocks, a source familiar with the plan tells CNN.

The proposal would force lawmakers to choose between putting their stocks in a qualified blind trust or completely divesting their investment portfolios. The goal is to move this legislation in September, the source said. Punchbowl News first reported this development.The ability of lawmakers to trade stocks has been the subject of increasing scrutiny over the years.

Several lawmakers were scrutinized for their financial transactions during the early days of the coronavirus pandemic, when members of Congress received closed-door briefings that warned of an impending financial crash. Earlier this year, Democratic Sen. Jon Ossoff and Republican Sen. Josh Hawley offered separate legislation that would ban lawmakers from trading stocks, but the legislation ultimately went nowhere.

 

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Now that SpeakerPelosi got all her trading done.

Long gone the time when the US used to be a parameter for anything positive in the world (actually can't recall it happening since before I was even born). Now the constipating politicians, out of idleness, are seeking for anything that can pass time and be deemed 'productive'.

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