Virginia Senator Introduces Bill to Ban Stock Trading in Congress

Virginia Sen. Tim Kaine and 22 of his colleagues have introduced legislation in the U.S. Senate to ban members of Congress from stock trading.

The legislation, Ending Trading and Holdings in Congressional Stocks Act, or ETHICS Act for short, would prohibit members of Congress, their spouses and dependent children from owning or trading securities, commodities or futures.

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Watchdog Group Files Ethics Complaint Against Senator Blumenthal over Stock Trades

Senator Richard Blumenthal (D-CT) is facing an ethics complaint related to stock trading and filed by a nonpartisan watchdog group.

The organization, the Foundation for Accountability and Civic Trust (FACT), urged the Senate Select Committee on Ethics to investigate the Connecticut lawmaker for failing to disclose multiple stock transactions.

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Pelosi Evasive on Extending Individual Stock Trading Ban to Spouses of Lawmakers

House Speaker Nancy Pelosi

Democrats are weighing whether to extend an individual stock trading ban to spouses of lawmakers.

The Ban Conflicted Trading Act “prohibits a Member of Congress or certain congressional officers or employees from (1) purchasing or selling specified investments, (2) entering into a transaction that creates a net short position in a security, or (3) serving as an officer or member of any board of any for-profit entity.”

The legislation in its current form would not apply to the spouses of lawmakers. House Speaker Nancy Pelosi’s husband Paul has made headlines over the years with his millions of dollars in stock purchases, particularly with technology companies.

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