Democrats trying to ban individual stock ownership among members of Congress say they finally have enough support to push forward a bill following its hard-won backing by House Speaker Nancy Pelosi.
support a resolution to curb stock trading for lawmakers and top staff who might put their own interests above the public's., D-Calif., on Wednesday announced her support for the measure following months of resistance.
"I think that the speaker's openness on this position is really a testament to the fact that public attention and pressure can move public policy from the bottom all the way to the top, and I applaud the speaker's openness and her willingness to listen to the caucus on this issue," Ocasio-Cortez said., R-Fla., and Michael Cloud, R-Texas.Rep. Elaine Luria, D-Va., pushed back in an interview with Punchbowl News that was published on Wednesday.
"That's what I advise members to do because I think it prevents such suggestions that you are engaged in insider trading," he said.
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Pelosi and Schumer signal support for banning individual stock trades by CongressBoth Democrats and Republicans favor a ban and are working on legislation with stiffer restrictions on lawmakers' portfolios.
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Pelosi Says Democrats Expect Proposals 'Soon' For A Ban On Stock Trading“We’ll go forward with what the consensus is,” said the House speaker, who had recently opposed bans on individual stock trading for members of Congress.
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Nancy Pelosi Finally Pushing Stock-Trading Ban for LawmakersNancy Pelosi is finally supporting a ban on stock trading for lawmakers after long pushing back on such a rule
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Pelosi Appears Ready to Drop Opposition to Stock Trading BanThe shift in the House speaker's support for such a proposal comes as government watchdog groups say it's important to 'keep the pressure up.'
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Pelosi Deflects on Stock Trading and Punts Reform to MembersSpeaker Nancy Pelosi (D-CA) was expected to endorse a ban on members trading stocks. Instead, she said her members were working on...something.
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Virginia Dem attacks Pelosi-backed proposal on stock restrictions: 'Bulls---'Virginia Democratic Rep. Elaine Luria is criticizing a proposal to ban congress from trading stocks, a proposal that some like House Speaker Nancy Pelosi, D-Calif., have backed.
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