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U.S. senators reach agreement to ban lawmakers' stock trading

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2024-07-12 11:12:31
US senators from both parties are again pushing for a law banning members of Congress from trading stocks. In a July 9 letter to House Speaker Mike Johnson and Democratic leader Hakeem Jeffries, a bipartisan group of 20 senators proposed amendments to the 2012 Stop Using Congressional Knowledge Trading Act to ban lawmakers from trading stocks.
Josh Hawley, US senator, told a news conference: "Congress should not be about making money. There is no reason for members of Congress to profit from information that is available only to them and not to other Americans.