EXCLUSIVE — Senate Democrats are set to unveil a sweeping proposal to ban members of Congress from trading in the stock market, according to a source involved with the effort and draft legislation obtained by the Washington Examiner.
The bill, dubbed the Ending Trading and Holdings in Congressional Stocks Act, would immediately prohibit lawmakers from buying or selling stocks. It would also require them and their spouses and dependents to divest from certain assets or place holdings into a"qualified blind trust," a proposal that wouldn't apply to lawmakers who were only recently elected this Congress until their next reelection.
The ETHICS Act's introduction will come on the heels of a bipartisan swath of House members, including Reps. Pramila Jayapal , Matt Rosendale , and Ken Buck , putting forth legislation in March that would similarly prohibit lawmakers and their spouses from trading or owning stocks. "This is the strongest and most well-thought-out stock trading ban bill that anyone has introduced yet," the source, who is not authorized to speak publicly, said."It’s long past overdue for Congress to end this corrupt practice, and the ETHICS Act is the best way to do it. Maybe then Congress could slowly begin regaining all of the trust and faith it has lost with the public over the years.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Senate Democrats face uphill battle in temporarily replacing Dianne Feinstein on Judiciary CommitteeSen. Dianne Feinstein's unusual request to be temporarily replaced on the Senate Judiciary Committee while she continues to recuperate from a long illness may not be one that's easily granted.
Les mer »
Democrats in White House and Congress unmoved by McCarthy's debt ceiling speechHouse Speaker Kevin McCarthy's (R-CA) debt limit speech at the New York Stock Exchange on Monday may have been exactly what Republicans wanted to hear: He declared the House GOP would pass its own debt limit plan and cut government spending without touching Social Security and Medicare.
Les mer »
GOP leader McConnell returning to Senate after head injurySenate Republican leader Mitch McConnell will be back at work in the U.S. Capitol on Monday, almost six weeks after a fall at a Washington-area hotel and extended treatment for a concussion. “I am looking forward to returning to the Senate on Monday,” McConnell tweeted on Thursday. McConnell returns to the Senate ahead of a busy stretch in which Congress will have to find a way to raise the nation’s debt ceiling and negotiate additional aid for the Ukraine war, among other policy matters.
Les mer »
Daily Herald opinion: Congress should move on the Protection From Abusive Passengers ActCongress should pass the Protection From Abusive Passengers Act, this Daily Herald editorial states
Les mer »
Exclusive: Malaysia plans to set up second 5G network from next year -sourcesMalaysia plans to introduce a second 5G network from next year, four sources told Reuters, in the latest policy shake-up aimed at dismantling monopolies and promoting competition by Prime Minister Anwar Ibrahim's six-month-old administration.
Les mer »
U.S. House Republicans chart new strategy to pressure Biden, DemocratsU.S. House Republicans will try to agree on a plan to lift the federal $31.4 trillion debt ceiling and cut government spending when Congress returns this week, after being stymied for months by Democratic President Joe Biden's demands they do so without conditions.
Les mer »