Will lawmakers actually be banned from trading billions in stocks? What's inside the new Senate bill to hold Congress accountable
After a decade demurring on the matter, Congress has finally advanced a law to ban themselves from trading stocks following years of members raking in millions using inside information. The Senate Committee on Homeland Security and Governmental Affairs on Wednesday advanced a congressional stock trading ban 8-4 through the panel. The measure will now head to the Senate floor for consideration by the full chamber. The bill, if passed, would ban members of Congress, their spouses and dependents and the president and vice president from buying or owning stocks and other assets.
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