"We need more action on legislation that would ban Congressional stock trading. And fewer members of Congress in violation of the rules already on the books."A leading government ethics watchdog on Tuesday renewed calls to ban members of Congress from trading stocks during their terms in office aftera major investigation revealing that nearly 100 U.S. lawmakers reported trades in companies influenced by their committees.
"We need more action on legislation that would ban congressional stock trading. And fewer members of Congress in violation of the rules already on the books," Citizens for Responsibility and Ethics in Washington Sen. Elizabeth Warren agreed, "The potential for conflicts in stock trading by members of Congress—and their choice so far not to impose stricter limits on themselves—has long drawn criticism, especially when particularly blatant cases emerge," Kate Kelly, Adam Playford, and Alicia Parlapiano wrote in their report.analysis demonstrates the scale of the issue," the reporters added.
Among Democrats, profiled lawmakers range from conservative Reps. Josh Gottheimer of New Jersey and Minnesota's Dean Phillips to progressives including Rep. Ro Khanna of California, who attributed 897 reported trades—which involve 149 potential conflicts of interest—to relatives' transactions.as much as $81 million worth of assets between 2019 and 2021, including in numerous companies subject to congressional scrutiny—was excluded because she does not sit on any regulatory committee.
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