Ban on congressional stock ownership gains momentum with new bill
US representative Alexandria Ocasio-Cortez (D-NY), representative Seth Magaziner (D-Ri), Representative Brian Fitzpatrick (R-PP), representative Chip Roy (R-TX) and representative Chip Roy (R-TX) speak at a news conference and speak for a news conference. Washington, DC, Capitol Hill in the United States, September 3, 2025.
Jonathan Ernst | Reuters
The members of the Congress and their families have gained a new momentum on Wednesday after a ban on stocks or a share of stocks, a group of two -party house members had reached an agreement on a new invoice.
Trust to restore the Congress Law combines several different suggestions that supporters say that they will focus on the debate and lead to transition.
Dr.I., one of the main sponsors of the bill. Representative Seth Magaziner said that the fact that congress members are allowed to trade and individual stocks are allowed, “people are crazy, because it is crazy for an average person who has been allowed to continue for a long time.”
“We reached a overturning point that the pressure from outside the building could not deny the leadership.” He said.
The supporters of the bill include the political range – Tim Burchest, representative of Texas, who leads the bill, and Tim Burchett from Tennessee, the representative of Texas; Moderate Republicans such as Pennsylvania representative Brian Fitzpatrick; and progressive democratic representatives. Pramila Jayapal from Washington and Alexandria Ocasio-Cortez from New York
The new draft law would prohibit the congress members, their wives and their dependent children, even if these beings are kept in a blind safety, forbids, purchasing or trade of individual stocks and other banned assets in the office.
It will also require deputies to sell their stocks, options, futures and commodities that they have shares, options, futures and commodities. Any member who violates the ban must pay an equal fee to 10% of the value of the covered investment and get rid of any profit obtained from this investment.
The measure was advanced by a committee in July, but R-MO Sen, which was not likely to receive a floor vote after being criticized by President Donald Trump. Unlike a bill from Josh Hawley, it does not contain executive branch officials, including the president.
Parliament Speaker Mike Johnson, R-La., Has expressed general support for a ban in the past, but not a specific invoice. Representative Anna Paulina Luna, R-Fla. During the press conference held on Wednesday, if the leadership did not bring an invoice until the end of the month, a simple majority of the house would vote for a procedure that requires a-218 deputies’.
Although there is an increasing acceleration that supports the ban, there is still a significant opposition – the same opposition that prevents attempts to issue boundaries on Congress Stock Trade beyond those in the 2012 stock law.
You. Ron Johnson, R-Wisc.
“We have a lot of career politicians. We don’t have enough people with experience in the private sector.” He said. “This legislation would have given great courage to people from the private sector coming here and serving.”
However, the supporters of the ban said that those who want to serve should put the interests of the country in front of them.
“Go to Wall Street,” Luna said on Wednesday. “Don’t go to the congress.”
