House Democrats to unveil plan for banning lawmakers from trading stocks

House Democratic lawmakers expect to release a proposal in August for banning members of Congress, their spouses and senior staff from trading individual stocks, according to multiple published reports citing unnamed sources.

The proposal would make lawmakers pick between putting their investments in blind trusts or selling their individual stocks, though they still would be allowed to hold mutual funds, according to reports from Punchbowl News and CNN. Some Democratic and Republican lawmakers in the House and Senate already have proposed a range of bills that would prohibit congressional buying and selling of individual stocks. But time has been running out for a unified push in this area, as Congress soon will take its August recess and then could end up focusing primarily on November’s midterm elections.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

House Democratic leadership will announce legislation in August banning lawmakers from trading stocksHouse 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. 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'. Now that SpeakerPelosi got all her trading done.
Source: cnni - 🏆 326. / 59 Read more »