Momentum builds to ban lawmakers from trading stocks

Posted on AllSides January 12th, 2022
From The Center
US Congress, stocks
Illustration: Sarah Grillo/Axios

Some progressive Democrats and MAGA Republicans are uniting on a proposal to ban sitting lawmakers from trading individual stocks, although it's unlikely that leadership will bring the bill up for a vote.

Why it matters: Members of Congress have great power to move stock prices, and great financial incentives to do so.

"One line in a bill in Congress can be worth millions and millions of dollars," former Rep. Brian Baird (D-Ore.) told 60 Minutes in 2011.

Baird spent years advocating for The Stock Act, which prevented lawmakers from trading on inside information...

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