Tim Graham/Getty Images(WASHINGTON) Democrats trying to ban individual stock ownership among members of Congress say they finally have enough support to push forward a bill following its hard-won backing by House Speaker Nancy Pelosi. The Ban Conflicted Trading Act, Democrats said during a Thursday press call, will restore public trust in members of Congress at a time when over 70% of voters support a resolution to curb stock trading for lawmakers and top staff who might put their own interests above the public's. The legislation gained traction this week after Pelosi, D-Calif., on Wednesday announced her support for the measure following months of resistance. "When we get caught up and even have the ability to individually trade stock, it erodes public trust in government. And right now, whether it is media, government, or any sort of institution, we are having a crisis of public faith in many institutions that are very critical to the well-being of society," Rep. Ale
Democrats trying to ban members of Congress from owning or trading individual stocks say they now have a path forward after House Speaker Nancy Pelosi this week said she would be open to the idea after months of resistance. During a call with reporters Thursday, they said the effort would restore public trust in Congress at a time when over 70% of voters support curbing the practice for lawmakers and top staff who might put their own interests above the public's.
Vulnerable Virginia Dem Rep. Elaine Luria is calling her party s efforts to ban lawmakers from stock trading bulls She asked why there s an assumption members are going to be inherently corrupt?