Legislation to Ban Congressional Stock Trading

SOURCE www.breitbart.com
Sen. Josh Hawley reintroduced the PELOSI Act, which would ban members of Congress and their family members from trading or holding stocks. The bill aims to prevent conflicts of interest and restore trust in the legislative body.

Key Points

  • PELOSI Act would prohibit members of Congress from trading or holding stocks
  • Lawmakers have 180 days to comply if the bill is passed
  • Non-compliance would lead to forfeiture of stock profits and penalties

Pros

  • Prevents conflicts of interest
  • Restores trust in Congress
  • Addresses concerns about insider trading

Cons

  • May face opposition from lawmakers who benefit from stock trading
  • Implementation and enforcement challenges