The bill would give members of Congress 90 days to divest their stock holdings.
An eclectic group of lawmakers has unveiled a bill that aims to prevent members of Congress from profiting off insider information by prohibiting them from owning and trading stocks.
Ocasio-Cortez said the ability lawmakers have to trade stock has eroded the public's trust in elected officials. U.S. lawmakers are allowed to buy and trade stocks in corporations but are required by law to publicly disclose their dealings under the Stop Trading on Congressional Knowledge Act. However, the STOCK Act has been less than successful. The penalty is quite small — typically about $200 — and is often waived by ethics committees anyway.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Lawmakers including Matt Gaetz, Alexandria Ocasio-Cortez push for stock ban on Congress membersA bipartisan group of House representatives have unveiled a bill that would ban Congress members from owning and trading stocks, as part of a measure to...
Les mer »
Bipartisan group, including Gaetz and Ocasio-Cortez, unveil bill to ban lawmakers from owning stocksA bipartisan group of House lawmakers have unveiled a bill that would prohibit members of Congress from owning and trading individual stocks, a proposal aimed at restoring public trust by preventing lawmakers from profiting off insider information.
Les mer »
AOC calls for Sen Dianne Feinstein to retire: 'Causing great harm to the judiciary'New York Rep. Alexandria Ocasio-Cortez is calling for the resignation of Sen. Dianne Feinstein due to her advanced age and health concerns keeping her from appearing in Congress.
Les mer »
AOC, Matt Gaetz introduce bipartisan bill banning Congress members from trading individual stocksAn eclectic group of lawmakers, including Rep. Alexandria Ocasio-Cortez and Rep. Matt Gaetz, proposed a bipartisan bill to prevent members of Congress from trading individual stocks.
Les mer »
Matt Gaetz, AOC applauded for stocks bill partnership: 'Need more of this'Representatives Gaetz and Ocasio-Cortez set aside their political differences to co-sponsor a bill that would ban members of Congress from trading stocks.
Les mer »