WASHINGTON—A House committee advanced a bill on Jan. 14 that would ban future stock trading by members of Congress—with the support of House GOP leadership.
The tally in the House Administration Committee was 7–4.
The Stop Insider Trading Act, introduced by Rep. Bryan Steil (R-Wis.), would prohibit members of Congress from buying stocks but would allow them to hold onto their current stocks.
“The American people deserve to know their Member of Congress is not profiting off insider information. The Stop Insider Trading Act ensures that cannot happen,” Steil said.
“This legislation is critical to restoring the public’s trust in their elected officials. If you want to trade stocks, go to Wall Street, not Capitol Hill.”…
House Committee Advances Bill to Ban Congressional Stock Trading
