US EditionHouse committee sets hearing on congressional stock trading ban
The bipartisan Restore Trust in Congress Act would require divestment within 180 days and impose 10% fines tracked publicly to curb conflicts of interest.
- On Wednesday morning, the House Administration Committee will meet for a hearing on proposals to curb members' trading, including the Restore Trust in Congress Act introduced by Rep. Chip Roy, R-Texas, with 88 co-sponsors.
- Public polling shows broad support for a congressional ban after dubious COVID-19 pandemic trades and tariff-related transactions increased anger earlier this year, as lawmakers' efforts have been repeatedly stalled.
- The compromise would allow continued investments in diversified investment funds and U.S. Treasury bonds, bar blind trusts, require members and their spouses and dependent children to divest individual stocks within 180 days, and empower House and Senate Ethics committees to identify offenders.
- Some members have prepared discharge petitions, including Rep. Anna Paulina Luna, to force a floor vote if leadership stalls, and a discharge petition requires 218 signatures.
- Proponents say momentum has returned now that the shutdown has ended, but supporters remain skeptical after years of false starts as Speaker Johnson and President Trump voice only theoretical support.
10 Articles
10 Articles
Rob Bresnahan’s Stock Trading Back in Spotlight As Congress Prepares to Hold Hearing Next Week
Bresnahan has made 600+ stock trades while in office despite campaigning on a pledge to ban congressional trading Mark your calendars: Congressman Rob Bresnahan’s prolific stock trading will be a major topic of discussion on Capitol Hill next week. The House Administration Committee is preparing to hold a hearing on banning members of Congress like Bresnahan from trading stocks. REMINDER: Rob Bresnahan campaigned on a pledge to ban congression…
Pelosi Gets Very Bad News As Congress Moves To Investigate Her $130 Million Windfall - The American Tribune.com
As part of a probe investigating whether Congress should be banned from trading stocks, a House Administration Committee hearing titled “Taking Stock of the STOCK Act,” led by Rep. Bryan Steil (R-WI), is digging into widespread allegations of insider trading. For context, Witnesses from the Taxpayers Protection Alliance and the Manhattan Institute will push for much-needed reforms. The Wisconsin Republican stressed the importance of prohibiting …
Chris Josephs Knows Pelosi’s Stock Trades Better Than Anyone. He Says They Should Be Banned.
WASHINGTON—When Nancy Pelosi announced her retirement, mixed in among the tributes to the former House Speaker were a lot of jokes about stocks. “‘America’s Greatest Investor’ gets dethroned!!!” conservative radio host Larry Elder wrote on X. “[Shout out] to Nancy Pelosi. [I]n Honor of your retirement, what other stocks should I invest in?” another user posted. Pelosi has come under fire in recent years for her prolific stock trading, which, by …
House committee sets hearing on congressional stock trading ban
The Committee on House Administration will hold a hearing next Wednesday on banning congressional stock trading, which could lead to reforming the Stop Trading on Congressional Knowledge (STOCK) Act. The hearing, called “Taking Stock of the STOCK Act” and led by House Administration Committee Chair Bryan Steil (R-Wis.), will determine policy options to take into… The post House committee sets hearing on congressional stock trading ban appeared f…
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