Senators Unveil Bipartisan Measure to Ban Stock Trading

A group of bipartisan senators on Wednesday unveiled legislation that would bar lawmakers and their spouses and dependent children from buying stocks and other covered investments and prevent congressional members from selling stocks 90 days after the bill is enacted.

It would also require the president and vice president to divest from all covered investments, starting in 2027.

“Members of Congress should not be playing the stock market while we make federal policy and have extraordinary access to confidential information,” Sen. Jon Ossoff, who is leading a bipartisan push to pass the bill, dubbed the ETHICS Act, said in a statement. “We still have a long way to go to pass this bill, but today’s bipartisan announcement is a major step forward.”

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