Legislation to Ban Congress Trading Stocks

SOURCE www.foxnews.com
Sen. Josh Hawley reintroduces legislation to ban members of Congress and their spouses from trading stocks while in office. President Trump and Democrats express support for the ban.

Key Points

  • Ban prohibits lawmakers and spouses from trading stocks
  • Lawmakers must comply within 180 days of entering office
  • Profits from wrongful transactions to be handed over to U.S. Treasury
  • Lawmakers can invest in diversified mutual funds or U.S. Treasury bonds

Pros

  • Restores trust in Congress
  • Prevents conflicts of interest
  • Levels the playing field for all investors

Cons

  • Restricts personal financial freedom
  • May limit investment opportunities for lawmakers