Bipartisan Senate group pushes ban on lawmaker stock trading

A bipartisan group of Senators unveiled a new proposal that would ban members of Congress, their spouses and dependent children from trading individual stocks.

Oregon Democratic Senator Jeff Merkley, Michigan Senator Gary Peters, Georgia Democratic Senator Jon Ossoff and Missouri Republican Senator Josh Hawley are outlining a new version of a measure dubbed the "ETHICS Act," Ending Trading and Holdings in Congressional Stocks. Peters, who chairs the Senate Homeland Security and Governmental Affairs committee, is expected to take up the bill in his committee later this month.

Merkley previewed the new proposal in an exclusive interview with NPR, saying, "if you want to serve in Congress don't come here to serve your portfolio, come here to serve the people."