Two senators from different sides of the aisle have both introduced similar bills that would ban lawmakers and their families from buying and selling stocks while in office.
Democratic Sen. Jon Ossoff of Georgia introduced a bill this week with fellow Democratic Sen. Mark Kelly of Arizona called the Ban Congressional Stock Trading Act, which would require lawmakers, their spouses and dependent children to place their stock portfolios into blind trusts. If passed, the legislation would not allow lawmakers to use inside information to trade stocks and make money. Republican Sen.
Abigail Spanberger of Virginia and Republican Rep. Chip Roy of Texas, that would require lawmakers to put their assets into qualified blind trusts when they enter office.The bills from the senators come after an investigation by Business Insider found that 52 members of Congress had violated the federal STOCK Act which is meant to stop insider trading by government officials.
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