Sen. Jon Ossoff is planning to introduce legislation to prohibit members of Congress from holding or trading individual stocks while in elective office, a source told FOX Business.
Former Forbes Chairman and editor-in-chief Steve Forbes on the market selloff, inflation, the Federal Reserve and Manhattan DA Alvin Bragg defending a soft-on-crime approach.from holding or trading individual stocks while in elective office, a source familiar with the matter told FOX Business.
The proposed bill could serve as a major rebuff of House Speaker Nancy Pelosi, D-Calif., who just a few weeks ago vehemently defended the practice, even though it has drawn scrutiny because it could give lawmakers the chance to profit off inside information gleaned through their official duties. "We are a free market economy. They should be able to participate in that," Pelosi told reporters on Dec. 15. Pelosi does not own any stock herself, but her husband holds tens of millions of dollars worth of stocks and options in companies like Apple, Disney, Amazon and Google.
Lawmakers' spouses are allowed to trade in companies or industries that their partner may help regulate. But under the STOCK Act, passed in 2012, it's illegal for members of Congress and their families to profit from inside information and requires lawmakers to report stock trades to Congress within 45 days."We have a responsibility to report," Pelosi said. "If people aren’t reporting they should be.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
John Stamos, Whoopi Goldberg, Jon Stewart and More Remember Bob Saget: ‘Just the Funniest and Nicest’'I am broken. I am gutted. I am in complete and utter shock. I will never ever have another friend like him,' John Stamos wrote following Bob Saget's death
Baca lebih lajut »
Amazon has mostly avoided antitrust scrutiny, but that may change in 2022Congress and the Federal Trade Commission have Amazon in their collective crosshairs entering 2022. While new bills target Amazon's online-sales practices, a...
Baca lebih lajut »
5 things to know before the stock market opens MondayU.S. stock futures dropped Monday after a rough first trading week of the new year as tech stocks were battered by rising bond yields
Baca lebih lajut »
Asian stocks mixed in kickoff to new week of tradingShanghai and Hong Kong advanced. Seoul and Sydney declined. Japanese markets NIY00 were closed for a holiday.
Baca lebih lajut »
Stocks slide in tech-led selloffStock investors are bracing for another choppy week of trading ahead of key data on inflation and rising bond yields.
Baca lebih lajut »
Biden to deliver first State of the Union address on March 1President Joe Biden will deliver his first State of the Union address on March 1, the White House confirmed Friday, after House Speaker Nancy Pelosi sent the president a formal invitation to speak to Congress and the American public one year into his term.
Baca lebih lajut »