Democrat Calls for New House Leadership Over Lawmaker Stock Trading Ban Delay
Rep. Abigail Spanberger (D-Va.) called for new House leadership on Friday after top Democrats delayed a vote on legislation that would ban members of Congress from trading stocks.
Lawmakers have negotiated for months over the details of the stock trading ban, culminating this week with the introduction of the “Combatting Financial Conflicts of Interest in Government Act.” However, the House was scheduled to go on recess on Friday for the midterm elections, meaning lawmakers would have had less than a week to vote on the bill. House Speaker Nancy Pelosi (D-Calif.), who has been criticized over her family’s stock trading, said earlier in September that House Democrats believed they had “a product that we can bring to the floor this month.”
Spanberger faces a tight reelection race in November and will not likely see progress on the stock trading bill before Election Day. “This moment marks a failure of House leadership — and it’s yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill, as I have long made known,” the congresswoman said in a statement.
Coverage was prominently featured in some outlets, particularly D.C.-focused outlets, but apparently absent from others. Fox News (Right bias) framed the story around Pelosi, a longtime target of Republican criticism, saying she “failed to bring up legislation before the midterms.”
Featured Coverage of this Story
From the LeftPelosi Ripped by Fellow Democrat for Delaying Stock-Trade Bill
Democratic Representative Abigail Spanberger lashed out at House Speaker Nancy Pelosi and other party leaders who she accused of dragging their feet on legislation to ban stock trading by lawmakers.
Spanberger, who introduced a bill with Republican Representative Chip Roy to require that lawmakers place investment assets into a blind trust while in office, questioned Pelosi’s commitment to a stock-trading ban and called the delay in acting on any reform bill before the House leaves for a break “a failure of House leadership.”
From the RightDemocrat slams Pelosi, 'failure of House leadership' over stock trading bill
Rep. Abigail Spanberger (D-VA) on Friday criticized Democratic House leadership for not taking up legislation to ban members of Congress from trading stocks.
Spanberger has introduced and advocated legislation that would prevent lawmakers, their spouses, and their dependent children from buying, selling, or trading individual stocks, requiring them to divest from their investments or place them into a blind trust within 90 days of taking office in an attempt to avoid conflicts of interest or members of Congress using the office for financial gain.
From the CenterIn scathing statement, Democrat calls for new leaders in House
Rep. Abigail Spanberger (D-Va.) on Friday called for new Democratic leadership on Capitol Hill after top House Democrats scrapped plans to vote on legislation banning lawmaker stock trading.
The scathing statement from Spanberger, a two-term congresswoman in a tight reelection race, came one day after House Majority Leader Steny Hoyer (D-Md.) said a bill prohibiting lawmakers from trading stocks would not be put up for a vote this week.