Republicans Introduce Bill to Ban Congress Members from Trading Stocks, Name it Pelosi Act
1 year, 11 months ago

Republicans Introduce Bill to Ban Congress Members from Trading Stocks, Name it Pelosi Act

News 18  

Missouri’s Republican senator Josh Hawley introduced a bill earlier this week which if passed would ban Congress members from trading and owning stocks. Hawley said: “Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market.” He introduced a similar legislation in 2022. At that time, Democratic party’s Congress members also showed interest in passing the legislation barring stock trades. A similar bill was also introduced earlier this year by House representatives Virginia Democrat Abigail Spanberger and Texas Republican Chip Roy.

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History of this topic

'Hugely hammered': Key senator sees momentum to pass Congress stock trading ban
5 months ago

'Hugely hammered': Key senator sees momentum to pass Congress stock trading ban

Raw Story  

For 12 years, Sen. Jeff Merkley has pushed for a ban on congressional stock trading, calling the practice “corrupt,” “unacceptable” and “wrong.” The first time he and Sen. Sherrod Brown presented an amendment in 2012 that would prohibit members of Congress from playing the stock market, they only got 26 votes in support. “The ETHICS Act, the heart of it …

Senators push for no more stock trading for Congress
5 months, 2 weeks ago

Senators push for no more stock trading for Congress

Raw Story  

A bipartisan group of senators announced a new push to pass legislation banning stock trading for members of Congress, their spouses and dependent children. READ: Trump’s ‘secretary of retribution’ has a ‘target list’ of 350 people he wants arrested “Three years ago, I introduced landmark legislation to ban stock trading by Members of Congress. We still have a long way …

How Congress's ability to play the stock market could be stymied by the very lawmakers raking in BILLIONS
5 months, 2 weeks ago

How Congress's ability to play the stock market could be stymied by the very lawmakers raking in BILLIONS

Daily Mail  

A bipartisan group of senators are pushing a new stock trading ban for members of Congress on an expedited schedule. Sen. Josh Hawley, R-Mo., speaks at a press conference announcing a Senate bill to ban congress members from trading stock Sens. The lone Republican behind the bill Josh Hawley said, 'There is no reason that Congress ought to be profiting …

Enviro congressman’s wife buys — then dumps — dozens of oil, energy and other stocks
1 year, 1 month ago

Enviro congressman’s wife buys — then dumps — dozens of oil, energy and other stocks

Raw Story  

An environmentalist Democratic congressman acknowledged that his wife purchased — then quickly dumped — nearly 100 stocks in various oil, energy, tobacco, defense and other companies, blaming a new investment firm for going on an erroneous stock shopping spree. Rep. Greg Stanton reported that Nicole Stanton’s 94 stock purchases included shares in fossil fuel giants Chevron, ExxonMobil and ConocoPhillips; power …

‘Culture of corruption’: Two more Republican congressmen break financial disclosure law
1 year, 2 months ago

‘Culture of corruption’: Two more Republican congressmen break financial disclosure law

Raw Story  

Two Republican members of Congress violated a decade-old financial disclosure and conflicts-of-interest law by reporting personal financial transactions months late, according to federal financial documents reviewed by Raw Story. Rob Wittman and Rep. Ron Estes violated the Stop Trading on Congressional Knowledge Act when they were up to four months late disclosing several personal stock transactions valued at between $1,001 …

Here we go again: GOP senator blows past federal stock disclosure deadline as lawmakers mull trade ban
1 year, 5 months ago

Here we go again: GOP senator blows past federal stock disclosure deadline as lawmakers mull trade ban

Raw Story  

In reporting a stock sale nine months past a federal deadline, Sen. Thom Tillis joins the growing list of legislators who’ve struggled to abide by a decade-old conflicts-of-interest and financial disclosure law. Dubbed the Ban Stock Trading for Government Officials Act, the legislation would prohibit members of Congress, the president, the vice president, senior executive branch officials, their spouses and …

Pelosi reports tech stock purchases worth up to $1.5M amid 'crisis of confidence and trust' in Congress
1 year, 6 months ago

Pelosi reports tech stock purchases worth up to $1.5M amid 'crisis of confidence and trust' in Congress

Raw Story  

As numerous members of Congress call for a ban on lawmakers and their spouses trading stocks, House Speaker Emerita Nancy Pelosi's household just made a massive purchase in tech stocks. The calls for a stock ban come at a time when Congress has been scrutinized for rampant conflicts of interest and failure to abide by the Stop Trading on Congressional …

Nancy Pelosi's husband uses huge stock trade in contribution to her alma mater
1 year, 6 months ago

Nancy Pelosi's husband uses huge stock trade in contribution to her alma mater

Raw Story  

Paul Pelosi, the husband of former House Democratic Leader Nancy Pelosi, sold off between $500,000 and $1 million worth of Apple stock, totaling 2,900 shares — and used the transaction to make a contribution to her alma mater, Trinity College, according to a new congressional financial filing reviewed by Raw Story. The filing, which said the transaction took place on …

Can’t stop, won’t stop: Another congressman violates STOCK Act
1 year, 6 months ago

Can’t stop, won’t stop: Another congressman violates STOCK Act

Raw Story  

A dozen lawmakers have now violated a federal conflicts-of-interest and financial disclosure law in 2023 — the latest a Republican representative from Nebraska, according to a Raw Story analysis of congressional financial documents. Rep. Adrian Smith was more than a year late disclosing some of his wife’s purchases of stock in CarterBaldwin, an executive search firm, according to a new …

Pelosi lieutenant who sponsored congressional stock ban bill just violated the STOCK Act
1 year, 7 months ago

Pelosi lieutenant who sponsored congressional stock ban bill just violated the STOCK Act

Raw Story  

Rep. Zoe Lofgren, who last year led Democratic House leadership’s self-aborted effort to ban congressional stock trading, just became the latest lawmaker to violate the STOCK Act with up to $265,000 in late financial disclosures, according to a Raw Story analysis of financial records. Lofgren in September introduced the Combatting Financial Conflicts of Interest in Government Act, which would ban …

Pressure mounts on Congress to curb lawmaker stock trading
2 years, 10 months ago

Pressure mounts on Congress to curb lawmaker stock trading

Associated Press  

WASHINGTON — Amid a steady drip of damaging headlines, pressure is building for Congress to pass legislation that would curtail lawmakers’ ability to speculate on the stock market. “I think that the worst possible thing that Democratic leadership could do would be to put forth a bit of a hand-wave effort,” said Rep. Abigail Spanberger, D-Va. “That would be so …

Support grows for limiting Congress members’ ability to own stocks
2 years, 11 months ago

Support grows for limiting Congress members’ ability to own stocks

LA Times  

Recent allegations of lawmakers potentially benefiting from personal stock market trades has propelled new interest in reining in their ability to trade or own individual stocks while in office. Lofgren said “the issue of some members’ noncompliance with these important reporting requirements merits a fresh review of the law, including its enforcement requirements and penalties for noncompliance.” Most of the …

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