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Stock ban proposed for Congress to stop insider trading among lawmakers

February 7, 2022

Via: NBC News

Representatives Abigail Spanberger and Chip Roy don’t often find themselves fighting on the same side.

Spanberger, a moderate Democrat from Virginia, and Roy, a conservative Republican from Texas, support a bill that would ban legislators from trading stocks in public companies to keep them from profiting from the insider knowledge they’re privy to on Capitol Hill.

Both are lining up behind legislation proposed by freshman Sens. Jon Ossoff, D-Ga., and Mark Kelly, D-Ariz., which would require lawmakers and their immediate family members to put any stocks they own in blind trusts, eliminating any perceived conflicts of interest.

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