Wednesday 28 September 2022 03:17 PM Pelosi releases full text of bill to BAN lawmakers and their spouses from ... trends now
Nancy Pelosi releases full text of bill to BAN lawmakers and their spouses from trading stocks: Democrats go to battle over new law as House Number 2 Hoyer says he will oppose it
The text comes after reports revealed hundreds of lawmakers regularly trade stocks directly related to their work in Congress The bill would ban members of Congress, their spouses and other government officials, including Supreme Court justices, from owning or trading stocks It would also strengthen penalties for breaking conflicts-of-interest laws and strengthen other transparency provisions But the bill faces at least one hurdle: House Majority Whip Steny Hoyer has repeatedly told people in private meetings he'll vote against the bill Hoyer and his staff set the floor schedule for votes, and his opposition could lead other Democrats to follow suit By Morgan Phillips, Politics Reporter For Dailymail.Com
Published: 15:04 BST, 28 September 2022 | Updated: 15:16 BST, 28 September 2022
House Speaker Nancy Pelosi has finally released the full text of the bill to ban lawmakers from trading stocks.
The text comes after months of pressure from the public as a number of reports revealed hundreds of lawmakers regularly trade stocks directly related to their work in Congress. It could come to a vote as soon as this week.
The 26-page-long 'Combatting Financial Conflicts of Interest in Government Act' would ban not only members of Congress but their spouses and other government officials, including Supreme Court justices, from owning or trading stocks.
The bill would also strengthen penalties for breaking conflicts-of-interest laws and strengthen other transparency provisions, bringing the current fee for late disclosures up from $200 to $1,000.
Members would still be allowed to
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