Bipartisan bill introduced to ban Congress members from trading individual stocks.

1 min read
Source: Fox Business
Bipartisan bill introduced to ban Congress members from trading individual stocks.
Photo: Fox Business
TL;DR Summary

Reps. Alexandria Ocasio-Cortez and Matt Gaetz have introduced a bipartisan bill that would prohibit members of Congress, their spouses, and dependents from trading individual stocks. The Bipartisan Restoring Faith in Government Act aims to restore trust in government and prevent insider trading. The bill would give members 90 days to divest their stock holdings and require House ethics officials to approve any blind trust. Similar legislation has previously failed to pass, but the bill's sponsors hope that the rare show of solidarity from lawmakers across the political spectrum will send a powerful message to America.

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