House Speaker Nancy Pelosi is taking 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.”
Meanwhile, Fox News reports Democrat Senator Jon Ossoff is planning to introduce legislation that would prohibit members of Congress from holding or trading individual stocks while in elective office.
Per the report “the ethics bill, which the freshman Georgia Democrat hopes to file as soon as he secures a Republican cosponsor, would also target conflicts of interest by making it illegal for lawmakers’ spouses and family members to trade stocks while in office, the source said. The New York Post first reported the news.”
Recent polls show the desire to ban members of Congress from stock trading is a rare issue that receives bipartisan support among both Republicans and Democrats.