Bipartisan group of 20 in House demanding: move swiftly to craft and pass stock-selling ban

By artappraiser on Wed, 04/13/2022 - 10:35pm |

"without loopholes." The House Administration Committee had a hearing on the issue last week.

@ Politico's Congress Minutes, 7 hrs. ago NOTE MY UNDERLINING

What happened: A bipartisan group of rank-and-file members, spanning the political spectrum, isn't letting up on their push to ban lawmakers from owning or trading stocks while in office.

Their asks: The members asked the House Administration Committee, which convened a hearing last week on the issue, to quickly advance a bill with three elements. Read their letter.

Have the ban apply to spouses and dependent children.

Don't permit an exception for stocks acquired prior to coming to Congress.

Effective enforcement and "significant fines" to deter lawmakers from violating the ban. [....]

Who signed? The group ranged from progressives like Rep. Mark Pocan (D-Wis.) to conservatives like Rep. Matt Gaetz (R-Fla.) and frontliners like Rep. Angie Craig (D-Minn. [....]

URL:

https://www.politico.com/minutes/congress/04-13-2022/more-on-stock-ban/

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AOC on April 7:

Today, we amended the Ban Conflicted Trading Act to ban Members' spouses from trading stocks as well. The bill also bans senior staff from trading, & bans Members from serving on corporate boards — which the Senate already prohibits.

Now it’s time to bring our bill to the floor. pic.twitter.com/ttICkNORkH
— Rep. Alexandria Ocasio-Cortez (@RepAOC) April 7, 2022

Today in Opinions That Are Only Controversial On Capitol Hill: it’s time to ban insider trading in Congress https://t.co/TLcLdjnIJP
— Alexandria Ocasio-Cortez (@AOC) April 7, 2022

(Yes that includes spouses and senior staff shaping legislation and informing their members’ votes)
— Alexandria Ocasio-Cortez (@AOC) April 7, 2022

she also reweeted this:

Proud to join with my colleagues in the House and the Senate to call for the passage of legislation to ban conflicted stock trading in Congress.

It is long past time to get these proposals to the House floor! pic.twitter.com/aHdn4muKNm
— Rep. Joe Neguse (@RepJoeNeguse) April 7, 2022

Probably true, check out Mr.& Mrs. Pelosi's personal financial situation:

Pelosi is killing this bill behind the scenes. https://t.co/UCoont93D7
— I’m NotDevinsMom Moron (@NotDevinsMom) April 14, 2022

by artappraiser on Wed, 04/13/2022 - 10:45pm

On the Pelosi's and Nancy's previous delays:

If the House had voted to limit members' households from trading or owning stocks in 2019 or 2020 or 2021, and sent a bill over to the dread Senate, Paul Pelosi's stock moves might have looked inadvisable, given the House considering antitrust measures:https://t.co/AdnRQf0wYY
— David Moore (@ppolitics) April 7, 2022

Senator Mark Kelly and follower:

Banning members of Congress from trading stocks is a simple, common sense step we can take to restore accountability and integrity in our government.
— Senator Mark Kelly (@SenMarkKelly) April 8, 2022

Pass a Bill banning Congress from Trading Stocks while in office and watch the current Senate and House clear out.
— Clay Griffis (@C1965Clay) April 8, 2022

by artappraiser on Wed, 04/13/2022 - 10:55pm

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Bipartisan group of 20 in House demanding: move swiftly to craft and pass stock-selling ban

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