The House may finally vote next week on legislation to ban members of Congress from trading stocks

  • House Democrats just teed up a potential vote next week on a congressional stock trading ban.
  • Top Democrats told colleagues that the legislation will most likely include Supreme Court justices.
  • That inclusion — along with the short time members will have to consider the bill — may signal peril.

House Democratic leaders announced that the chamber may consider legislation to ban members of Congress from trading stocks as soon as next week.

Democratic Rep. Hakeem Jeffries of New York — the chair of the Democratic caucus — announced on the House floor on Thursday afternoon that the body “may consider legislation to reform the STOCK Act.”

House Speaker Nancy Pelosi previously indicated that a bill could come in September.

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In a “Dear Colleague” letter sent on Thursday and obtained by Insider, Democratic Rep. Zoe Lofgren of California, the chair of the Committee on House Administration, released a framework entitled “Combatting Financial Conflicts of Interest and Restoring Public Faith and Trust in Government.”

www.businessinsider.com/stock-ban-congress-us-house-lawmakers-trading-investing-2022-9

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