Accountability
Sen. Jon Ossoff to introduce bill barring members of Congress from trading individual stocks
Senator Jon Ossoff (D-GA) is going to introduce a bill banning members of Congress from trading individual stocks.
This would include House Speaker Nancy Pelosi, who is criticized regularly for defending her husband who made millions from trading tech company shares.
According to the New York Post, the Ossoff ethics bill, which the freshman Senator is planning to introduce once he can find a willing Republican co-sponsor, would make it illegal for lawmakers and their families to trade stocks while in office. It would also require lawmakers to put their assets in blind trusts. This is something that Ossoff did prior to being elected in January 2021.
Ossoff may have some difficulties finding a co-sponsor in the Senate, as no Republicans have come out against congressional stock trade. However, he may have better luck in the House, as Representatives Michael Cloud and Chip Roy have come out against congressional stock trading. However, Ossoff’s bill is considerably strict, as it would close the loophole for any spousal stock trading to occur.
This bill would not be the first introduced that has the purpose of stopping Congressional trading. The Ban Conflicted Trading Act was introduced in the Senate in March by four Democratic Senators. It had bipartisan support in the House in a version backed by Representative Alexandria Ocasio-Cortez.
However, this ban would be for members of Congress only. Ossoff’s current bill is more similar to the TRUST In Congress Act that would ban close family members from trading stocks, a bill supported by both Democrats and Republicans.
-
Executive4 days ago
The Hunters Have Now Become The Hunted: Their Cruelties Are Swelling The Ranks Of The People Worldwide!
-
Clergy3 days ago
Why Do The American People Let The Corrupt Media & Politicians Set The Propaganda Narrative – Speak On Their Behalf
-
Constitution4 days ago
CHAPTER 9: Norman Dodd Interview Space Is No Longer the Final Frontier––Reality Is [upcoming release April 2024]
-
Entertainment Today4 days ago
Civil War (2024) – an incomplete prediction
-
Education3 days ago
CHAPTER 10: Objective Reality Is Required for a Free Society Space Is No Longer the Final Frontier—Reality Is [upcoming release May 2024]
-
Human Interest3 days ago
Idaho prepares to defend its abortion ban
-
Civilization2 days ago
Earth Day Should Celebrate U.S. Progress & Innovation
-
Education2 days ago
The Intifada Comes to America. Now What?