Furious that regime politicians and their spouses like Nancy Pelosi and Dan Crenshaw have made massive returns off of trading stocks based on what looks like insider information provided to members of Congress?
Well, an unlikely crew of leftist and MAGA Republican members of Congress is taking action to stop that Congressional stock trading. That would be Congressman Brian Fitzpatrick (PA), Congresswoman Alexandria Ocasio-Cortez (NY), Congressmen Matt Gaetz (FL-01), and Raja Krishnamoorthi (IL). They just introduced the bipartisan Bipartisan Restoring Faith in Government Act, which would, if passed, prohibit financial investments by members of Congress, their spouses, and any dependents.
Matt Gaetz, posting about the legislation on Twitter, said, “I’m proud to work with my colleagues Rep.
@AOC, @RepBrianFitz, and @CongressmanRaja on this important legislation! Members of Congress are spending their time trading futures instead of securing the future of our fellow Americans. We cannot allow the Swamp to prioritize investing in stocks over investing in our country. As long as concerns about insider trading hang over the legislative process, Congress will never regain the trust of the American people. Our responsibility in Congress is to serve the people, not hedge bets on the stock market.”
Similarly, Congressman Fitzpatrick said, “The fact that Members of the Progressive Caucus, the Freedom Caucus, and the Bipartisan Problem Solvers Caucus, reflecting the entirety of the political spectrum, can find common ground on key issues like this should send a powerful message to America. We must move forward on issues that unite us, including our firm belief that trust in government must be restored, and that Members of Congress, including their dependents, must be prohibited from trading in stocks while they are serving in Congress and have access to sensitive, inside information. This is basic common sense and basic Integrity 101. And we all view this as a critical first step to return the House of Representatives back to the People. I thank Representatives Ocasio-Cortez, Gaetz, and Krishnamoorthi for joining me in this effort.”
Rep. AOC, for her part, said, “The ability to individually trade stock erodes the public’s trust in government. When Members have access to classified information, we should not be trading in the stock market on it. It’s really that simple.”
Further, Debra Perlin, Policy Director at Citizens for Responsibility and Ethics in Washington (CREW), praised the legislation, saying, “When members of Congress own and trade stock in companies they regulate they undermine the democracy that they were elected to serve. It is Congress’s duty to rebuild the trust that it has lost by banning members of Congress, their spouses, and their dependent children from owning or trading stocks. And that is precisely what the Bipartisan Restoring Faith in Government Act does. The Bipartisan Restoring Faith in Government Act’s complete prohibition on Congressional stock ownership demonstrates that in our democracy the public’s needs, rather than members’ stock portfolios, come first. CREW commends Rep. Fitzpatrick for his work on this issue and strongly encourages Congress to pass stock ban legislation as quickly as possible.“
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