The push to ban Congress from trading stocks nears its conclusion

Before taking their August holiday and focusing primarily on November’s midterm elections, US lawmakers have a long to-do list, but proponents for a ban on congressional trading of individual stocks are optimistic that the matter will be addressed.

A China competition bill, inflation relief, additional COVID-19 financing, antitrust legislation for big tech, and more.

“I think there is great momentum. It’s just not public,” said Donald Sherman, a watchdog group’s senior vice president and chief counsel.

“My understanding is that there’s a Senate compromise bill that is going to be released relatively soon. That is a compromise insofar as it combined elements from lots of people’s bills.”

Sherman stated by “soon” he meant “by this time next month.”

Following the House Administration Committee’s April 7 hearing on probable new limits on legislators’ buying and selling of individual stocks, the CREW expert saw modest progress in the House of Representatives.

Following his testimony at that meeting, Sherman said he had “pretty robust” further questions from that panel earlier this week, “which suggests to me that members are in the weeds on what comprehensive legislation might look like.”

“I would think that the Senate would aim to get something across the finish line before August recess so that then the House can resolve and pass something in the fall,” Sherman added.

“This is an issue that members of Congress are either going to run on — or run from — in November. And so I think that timeline makes sense, to ensure that members can go back to their districts in the fall and demonstrate that they have gotten this across the finish line.”

According to a recent Morning Consult/Politico poll, 63% of all respondents support a ban on lawmakers trading stocks, with 69% of Democrats and 58% of Republicans in favor.

However, according to a Quinnipiac University poll, Americans are more concerned about inflation, Russia’s invasion of Ukraine, immigration, climate change, and election rules.

13 Responses

  1. It’s about time insider trading is addressed in Congress although it’s like asking the wolves guarding the henhouse to give up their daily feast! I’m not surprised Americans are concerned about Russia’s recent military operation-if we had an honest media, Americans would be astonished that tens of billions of our money is supporting Nazis in Ukraine instead! Time for Russiaphobia to end! I’d say we should all be concerned because we have zero election integrity here and abroad (say regime change by any means necessary?) Can’t believe a major concern of Americans is not the rise of totalitarianism and the shredding of the Constitution!

  2. I am not writing another reply till . Gov. is radically change upside down!! Iam wasting space, people time , reading my gripes. So last frustrated words are”’ EVERY STINKING LIE IS JUST THEIR WAY OF USING SMOKE AND MIRRORS TO COVER UP THEIR REAL AGENDAS. SO-CALL-ISM !!! I still will read all you good peoples comments. ??????? Bless America

  3. It’s absolutely disgusting that Pelosi and others in congress could possibly think to have a right to trading and investing in stocks! They’ve decided that it’s ok to just rob the American people like that!! It truly should be given back!! And quite frankly they that have committed these conflicts of interest should be fired! They have indulged to get what they want when the truth is that they supposedly work for us! Such behavior has to no trust by every American!! It’s gone on far too long!!!

  4. Term limits would also go a long way to insure justice for all. UNCONSTITUTIONAL BAR UNION MEMBERS aka Attorneys are banned from holding office, as they operate private corporation courts that are proof of their treason, sedition which is why the hanging tree is located next to the courthouses!

  5. No one in any government office should be able to trade in stocks period! They are in office to “ serve the people” NOT make themselves rich! Piglosi is a prime example, she gives her hubby the insider information, then he buys stocks at a reduced price, BEFORE legislation is passed! She needs to be removed from the speaker’s chair, she is not fit to be speaker of OUR house!

  6. Why do these people manage to stay in office, when they are making such a mess – not listening to what the people want – they do what THEY WANT!! The do NOT represent the people – they should not be able to continue in their jobs!! When will we EVER find someone who does what the people tell, they are all about doing whatever will keep them in POWER!! We DO NOT need people like this – they do NOT love our country and they don’t follow our constitution at all!! Not fit for leadership!! LISTEN TO THE PEOPLE!! We want OUR BELOVED COUNTRY to SURVIVE!! They are in the midst of destroying it!!

  7. Why do these people manage to stay in office, when they are making such a mess – not listening to what the people want – they do what THEY WANT!! The do NOT represent the people – they should not be able to continue in their jobs!! When will we EVER find someone who does what the people tell, they are all about doing whatever will keep them in POWER!! We DO NOT need people like this – they do NOT love our country and they don’t follow our constitution at all!! Not fit for leadership!! LISTEN TO THE PEOPLE!! We want OUR BELOVED COUNTRY to SURVIVE!! They are in the midst of destroying it!!
    lm

  8. I agree with Patty, plus the President and all the Democrats should be removed for all their lying and stealing from America and giving it to other countries, plus not building the wall to keep out the illegal and not opening our gas lines is criminal to the USA.

  9. I agree with Frank. Until all Americans stand up together against corrupt politicians & we completely drain the swamp, nothing will ever change in the House, the Senate or the White House !!!! They don’t care about any of us, just look at what’s been going on since 2020. Our country is in the worst shape in American history thanks to Idiot Biden & his sorry administration. Just take a real close look at all the “Rejects” Biden has appointed to important positions in government since being in office, they have absolutely no clue across the board. Disinformation Board, A shortage on Baby Formula, are you kidding me !!!!

  10. No one in Congress or the Senate should be able to get inside inf and buy stock. We the people need to be able to vote and put term limits in on them. We need to vote on there pay increases, Health insurance, and term limits! Most of them are not serving the American people! Most of them are becoming filthy rich!!

  11. David
    I agree with Frank with the Smoke & Mirrors that all of Congress uses trying to show They are working instead of the true activity of being Financial
    Parasites. Every time they turn around they mail out request for more DONATIONS this is on top of their 300K salaries they make for 4&1/2 months of
    work maybe.
    I also agree with Patty in that Members are elected and supported by our TAX dollars. They then turn around and use that money to bye stocks
    thru insider trading. That is the primary reason so many people run for office (especially lawyers) to participate in graft . It is their 3 year way
    to the Millionaire Club.

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