image credit: Adobe Stock

Democrats unveil bill to restrict trading by lawmakers, presidents

September 28, 2022


A House proposal to restrict stock ownership and trading by members of Congress, the president and vice president, Supreme Court justices and other high-ranking government officials is mired in Democratic infighting, threatening supporters’ hopes for a pre-election victory.

The bill’s sponsors planned to introduce the legislation on Wednesday, but multiple House officials familiar with Democrats’ discussions said any floor action on the bill almost certainly is shelved, at least for now. Lawmakers are scheduled to leave Washington this week until after the November election.

Read More on American Banker