https://seekingalpha.com/news/3862127-house-democrats-to-propose-stock-trading-ban-in-august-report

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House Democrats to propose in August ban on lawmaker stock trading -
report

Jul. 28, 2022 6:43 AM ETBy: Kim Khan, SA News Editor149 Comments

US Capitol

uschools

  * Democrats in the House of Representatives will propose a ban on
    lawmakers, their spouses and senior staff from trading stocks,
    Punchbowl News reported Thursday.
  * Citing multiple sources close to the issue, Punchbowl said the
    choice will be between a qualified blind trust and divesting
    stocks in portfolios.
  * Lawmakers, spouses and staff would be able to hold mutual funds.
  * The aim is for legislation to move through Congress in September,
    Punchbowl said. But it's unclear if 60 Senate votes could be
    found to support a bill.
  * The inclusion of spouses would be a significant hurdle,
    especially for lawmakers married to those in finance and
    investment jobs.
  * Stock trading by lawmakers, who are not subject to insider
    trading laws, has become a big and controversial issue,
    especially given the close connection to stock performance and
    legislative efforts to boost the economy.
  * House Speaker Nancy Pelosi, who has defended trading on Capitol
    Hill, exercised millions of dollars in call options in big-name
    stocks in June.

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