Lawmakers Call for Stock Trading Ban for Members of Congress

A bipartisan group of lawmakers has proposed a bill that would ban congressional members from holding and trading stocks.

Alexandria Ocasio-Cortez and Matt Gaetz
(Image credit: Drew Angerer and Tom Williams)

A group of U.S. lawmakers — including the unlikely pairing of GOP Rep. Matt Gaetz (R-Fla.) and Democrat Rep. Alexandria Ocasio-Cortez, (D-NY), normally at opposite ends of the political spectrum — is pushing for a stock trading ban to be passed in a bill dubbed the Bipartisan Restoring Faith in Government Act, or the less catchy H.R. 3003 bill.

By passing the bill that would prevent members of Congress, their spouses and dependents from owning or trading stocks while in office, the group hopes to restore public faith in U.S. lawmakers. Or as Gaetz puts it, “We cannot allow the Swamp to prioritize investing in stocks over investing in our country.”

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Vaishali Varu
Contributor

Vaishali graduated in journalism from Leeds University, UK. She has worked for her local news outlet, the Leicester Mercury as well as writing personal finance stories for digital publications, The Money Edit, MoneyWeek and GoodToKnow. When she is not writing about money-saving, deals, finance hacks and other personal finance topics, Vaishali likes to travel and she's a foodie.