AOC and Matt Gaetz team up to introduce bill banning Congress members from trading stocks.
TL;DR Summary
A bipartisan bill co-sponsored by Democrat Alexandria Ocasio-Cortez and Republican Matt Gaetz would ban Congressional lawmakers, their spouses, and dependents from trading individual stocks. The bill, called the Bipartisan Restoring Faith in Government Act, aims to restore trust in government and prevent lawmakers from using sensitive information to make timely trades. Instead, Congress members would be allowed to buy and sell baskets of stocks via mutual funds or ETFs, as well as Treasury securities. If passed, lawmakers would have 90 days to divest their stocks or place them in a qualified blind trust.
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