House Republicans on Monday unveiled a bill that would ban lawmakers from making future stock trades while permitting them to hold onto those they already own.
The legislation, called the Stop Insider Trading Act, is one of several competing proposals in Congress.
However, the bill unveiled Monday by House Administration Committee Chair Bryan Steil (R-Wis.) has a crucial advantage—the backing of House Speaker Mike Johnson (R-La.).
“No member of Congress should be allowed to profit from insider information, and this legislation represents an important step in our efforts to restore the people’s faith and trust in Congress,” Johnson said in a statement. “Both Republicans and Democrats will have an opportunity to make their voices heard and affirm their support.”…
House Republicans Unveil Legislation to Ban Congressional Stock Trading
