Senators launch a cross-party effort to end stock trading by lawmakers
Summary
Two U.S. senators, one Democrat and one Republican, are working together to introduce a bill that would stop Congress members and their families from trading stocks. This move has public support but has faced difficulties in getting approved in Congress.Key Facts
- The new bill is a joint effort by Democratic Sen. Kirsten Gillibrand and Republican Sen. Ashley Moody.
- The legislation aims to prevent Congress members and their families from trading and owning individual stocks.
- There is broad public support for this kind of law.
- Many similar proposals have been made recently in both the House and Senate.
- The large number of proposals has made it difficult to decide on a clear plan.
- House Republicans have their own version of a stock trading bill, which has faced criticism for being too weak.
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