Dem, GOP senators join forces to propose congressional stock trading ban

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ETHICS Act News

Stock Trading,Congress,Senators

A bipartisan group of senators proposed a measure Wednesday to ban members of Congress and their immediate families from trading individual stocks.

FILE - Sen. Josh Hawley, R-Mo., walks at the Capitol in Washington, Nov. 16, 2022. St. Louis County Prosecuting Attorney Wesley Bell announced Wednesday, June 7, 2023 he is running for Sen. Hawley's seat.

, known as the ETHICS Act, would require lawmakers with individual stock holdings to place them into a blind trust, removing their control of the assets. Violators would receive a fine equal to one month’s pay or 10% of the value of the asset traded for each violation.Sens. Josh Hawley, R-Mo., Bernie Sanders, I-Vt., and John Fetterman, D-Pa., headline the group of senators sponsoring the measure. Sen. Hawley said during a press conference the proposal has broad support from Americans..

“Why should members of Congress be spending their time day trading rather than focusing on the priorities that the American people sent us here to achieve and focus on?” he asked.Energy Secretary Jennifer Granholm over what he said was her failure to report certain stock market transactions in violation of the STOCK Act. The ETHICS Act would not impact Granholm since she is not an elected member of Congress., which began by replicating the particularly successfully trades of Rep.

 

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