Missouri Congressman Emanuel Cleaver, along with 45 other lawmakers, are co-sponsoring a bill that would ban stock trading among Congressional members.
The bipartisan legislation would effectively ban members of Congress, their spouses, and dependent children from trading individual stocks. The so-called TRUST in Congress Act would require lawmakers and their immediate family to either divest from individual stock holdings or move their investments into a qualified blind trust during their entire tenure in Congress, ensuring they cannot profit off the nonpublic information provided to lawmakers.
“Just as we prevent athletes from betting on games in which they can have a direct impact on the outcome or inside information about the team’s performance, it is common sense to ban lawmakers from investing in stocks,” said Congressman Cleaver in a news release. “At a time when the American people’s faith in our democratic institutions is at an all-time low, lawmakers must take steps to demonstrate they are committed to serving the public, not their personal stock portfolios.”
At the time of this report, no other U.S. House members from Missouri are listed as co-sponsoring the bill.
U.S. Senator Josh Hawley, R-Missouri, is sponsoring similar legislation.
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