Source link : https://las-vegas.news/push-to-ban-lawmaker-inventory-buying-and-selling-will-get-new-life/
The years-long effort to ban members of Congress from buying and selling shares is again within the highlight following a Home Ethics Committee report that took problem with transactions made by a member’s partner, and after a Senate panel superior laws to ban lawmakers from making transactions.
And a few lawmakers are vowing to maintain the subject entrance and heart into the autumn as they appear to make headways on a matter that has mystified Congress.
Main that effort is Rep. Anna Paulina Luna (R-Fla.), who plans to file a discharge petition on laws to ban lawmakers and their speedy households from proudly owning, buying and selling or controlling shares, commodities or futures, directing lawmakers to divest their holdings inside 180 days of the invoice’s enactment.
If the procedural gambit is profitable, the laws, sponsored by Rep. Tim Burchett (R-Tenn), would hit the ground within the fall. But when the previous is prologue, getting the measure over the end line will likely be a tall process.
Supporters, nonetheless, are optimistic they’ll discover success.
“I think America is aware of what’s going on,” Burchett informed The Hill. “They know it’s not natural for somebody to, day in and day out, pick stock and have a 100, 200, 300 percent return, and they’re tired of seeing Congress members making $170,000 a year retiring worth millions.”
Whereas the thought of banning members from buying and selling shares is extensively widespread among the…
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Author : LasVegasNews
Publish date : 2025-08-03 15:06:00
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