The bill by an eclectic group of lawmakers is the latest proposal to ban congressional stock trading, though previous initiatives have fallen flat.
An eclectic group of lawmakers, including progressive Rep. Alexandria Ocasio-Cortez and far-right Rep. Matt Gaetz , proposed a bill Tuesday to effectively prevent members of Congress from actively trading stocks—the latest push to stop congressional stock trading, though previous efforts have faced opposition from both parties.Getty ImagesThe Bipartisan Restoring Faith in Government Act, also introduced by Reps.
If signed into law, members of Congress would need to either sell any shares they own within 90 days or place them in a blind trust, and have 90 days to release any shares they acquire in the future, though it doesn’t restrict investments in mutual funds and bonds issued by the U.S. Treasury or by a state or local government.
Similar pushes to restrict stock trading have struggled to move forward: Then-House Speaker Nancy Pelosi —who herself has faced scrutiny for her husband's trades—said last September a similar bill could
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