US Congressman Introduces Bill to Ban Stock Trading in Congress: Will It Pass?
A growing movement to ban stock trading by members of Congress is gaining momentum. Recent developments show increasing bipartisan support for measures designed to prevent insider trading and restore public trust in government. This article breaks down the latest efforts and explores the potential impact of a congressional stock trading ban.
The Push to Ban Congressional Stock Trading
The idea of banning members of Congress from trading individual stocks has been gaining traction, fueled by concerns about potential conflicts of interest and the use of insider information. Several proposals have emerged, each with its own approach to addressing this issue. Sens. Jon Ossoff (D-Ga.) and Mark Kelly (D-Ariz.) on Thursday reintroduced their bill to prohibit members of Congress from trading individual stocks. Kelly, Ossoff continue leading push to ban stock trading by members of Congress.
Key Bills and Proposals
Several bills are currently under consideration. The Ban Congressional Stock Trading Act, championed by Sens. Ossoff and Kelly (D-AZ), is a prominent example. Sens. Ossoff and Mark Kelly (D-AZ) today introduced the Ban Congressional Stock Trading Act, which will require all members of Congress, their spouses and dependent children to either place their investment portfolio into a blind trust or divest.
FIRST ON FOX: Rep. Mark Alford, R-Mo, on Wednesday will introduce legislation that would ban congressional stock trading, serving as the House companion bill to 12 de sept. de 2025. FIRST ON FOX: Rep. Mark Alford, R-Mo, on Wednesday will introduce legislation that would ban congressional stock trading, serving as the House companion bill to.
Details of the Proposed Bans
These bills aim to sever the link between a member's personal investment decisions and their legislative responsibilities. This bill requires each Member of Congress to divest or place in a blind trust any specified investment owned by the Member. The specific mechanisms vary, but common elements include:
- Blind Trusts: Many proposals, like the one led by Ossoff and Kelly, require members of Congress and their families to place their stock portfolios in blind trusts. Bill requires members of Congress & their families to place stock portfolios in blind trusts or divest holdings.
- Divestment: Another option is requiring members to sell off their individual stock holdings entirely.
- Restrictions on Family Members: Some bills also extend the ban to spouses and dependent children. Starting March 2025, the bill would prohibit representatives’ spouses and dependent children from trading stocks and require the president, vice president and members. The Bipartisan Restoring Faith in Government Act would prohibit Congress members and their spouses and any dependents from trading individual stocks.
Bipartisan Support and Public Opinion
While partisan divides often stall legislation, banning congressional stock trading enjoys significant bipartisan support. A bipartisan group of Senators unveiled a new proposal that would ban members of Congress, their spouses and dependent children from trading individual stocks. The bill was.
This issue also resonates strongly with the public. 86% of Americans support banning stock trading by members of Congress.
Addressing Insider Trading Concerns
One of the primary motivations behind these bills is to reduce opportunities for insider trading. To reduce opportunities for insider trading among Members of Congress, the TRUST in Congress Act would require lawmakers and their immediate family to either divest.
What's Next?
The fate of these bills remains uncertain. They face the usual challenges of navigating the legislative process. However, with growing public pressure and increasing bipartisan support, the possibility of a congressional stock trading ban becoming law is higher than ever.