Hawley introduces bill banning members of Congress and their spouses from trading stocks

Senator Josh Hawley has introduced a bill banning the trading of stocks for members of Congress and their spouses.

Polling has shown this to be a rare area of bipartisan agreement and House Speaker Nancy Pelosi has been under fire even from members of her own party over her transactions.

“Year after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they’re supposed to be regulating,” Hawley said. “Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other at the expense of the country. Here’s something we can do: ban all members of Congress from trading stocks and force those who do to pay their proceeds back to the American people. It’s time to stop turning a blind eye to Washington profiteering.”

From Hawley’s website:

Pelosi has taken heat from some of her own party members over her stock trades.

“We’re a free-market economy,” Pelosi said. “They [lawmakers] should be able to participate in that.”

Democrat Senator Jeff Merkley countered Pelosi’s belief she should and her spouse should be able to continue trading stocks with minimal transparency.

“Speaker Pelosi is an amazing leader, but on this issue I disagree with her completely,” Merkley said. “When members hold individual stocks it can’t help but influence their thinking on policies and tax laws that affect their value.”