A Congressional stock trading ban needs teeth: 4 must-have provisions
In recent weeks, a flurry of bills have been introduced to deal with the conflicts of interest created by members of Congress owning and trading stocks. Following months of headlines about dozens of members violating the STOCK Act repeatedly, public pressure has led to growing bipartisan support for banning Congressional stock trading, with momentum continuing to build.
It’s essential that any Congressional stock trading legislation under consideration include a few key provisions that will ensure the ban is clear and comprehensive. Any stock ban bill should include:
CREW has circulated these principles to Congress, and calls on all members of Congress to support a stock ban that includes these key provisions. Americans shouldn’t have to wonder if their representatives are making decisions based on their own profits, or their constituents’ best interests. It’s time to pass a strong ban on Congressional stock trading and ownership.