Khanna backs stock trading bans for members of Congress, families

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“Khanna supports a stock trading ban and will vote for what comes to the House floor.'

Rep. Ro Khanna is the member of Congress with the highest number of possible conflicts of interest stemming from stock trades, the lawmaker's office told SFGATE he will vote for any of the proposed lawmaker stock trading bans if they come up for a vote on the House floor.

The New York Times found that Khanna has 149 possible conflicts of interest because trusts in the name of his wife and children made trades involving many companies being investigated by congressional committees Khanna was a member of. These companies include AbbVie, Lockheed Martin and Johnson & Johnson.

For reference, the member of Congress with the second-highest number of possible conflicts of interest identified by the New York Times is New Jersey Rep. Josh Gottheimer, who had 43. The California lawmakers who had the highest totals outside of Khanna were Reps. Zoe Lofgren and Alan Lowenthal, who had nine each, the Times reported.that the stock trades are not made by him and that he supports a ban on members of Congress trading stocks. His office reiterated as much to SFGATE Tuesday.

“Khanna supports a stock trading ban and will vote for what comes to the House floor," a spokesperson for Khanna said."For spouses, he believes that a highly diversified trust managed by a third party, which is functionally similar to an index fund, is an ethical solution.”came from Reps. Abigail Spanberger and Chip Roy at the House level, and Sens. Jon Ossoff and Mark Kelly introduced a similar bill in the Senate not long after. There's a third bill from Missouri Sen.

 

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