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

  • 📰 cnni
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

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

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'.

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:

 /  🏆 326. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines