Schatz: Members Of Congress Should Not Be Trading Stocks
WASHINGTON – U.S. Senator Brian Schatz (D-Hawai‘i) cosponsored the Ban Congressional Stock Trading Act, legislation that will prevent members of Congress and their families from buying and selling stocks while holding office.
“Members of Congress have one job and that’s to help people, not enrich ourselves through stock trades,” said Senator Schatz. “No federal elected official should be picking stocks while making policy. It’s that simple.”
The Ban Congressional Stock Trading Act was introduced by U.S. Senators Jon Ossoff (D-Ga.) and Mark Kelly (D-Ariz.). The bill would require all members of Congress, their spouses, and dependent children to divest from any stocks or put such assets into a blind trust within 120 days of taking office, and fine members of Congress who violate these measures.
The Ban Congressional Stock Trading Act has been endorsed by the Project on Government Oversight (POGO), National Taxpayers Union, Taxpayers Protection Alliance, FreedomWorks, and Issue One.
The full text of the bill is available here.