Couple efforts to restrict Congress in stock trading. They should do something. All in all, the second option of a blind trust seems more fair to me.
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Finally, the far left and far right have found something they can agree on.
Socialist Rep. Alexandria Ocasio-Cortez (D-NY) and firebrand Rep. Matt Gaetz (R-Fla.) are co-sponsoring a bill to restrict members of Congress from owning or trading stocks.
H.R. 3003, also sponsored by moderate Rep. Brian Fitzpatrick (R-Pa.) and progressive Rep. Raja Krishnamoorthi (D-Ill.), would prohibit congressional spouses and other dependents from owning or trading stock as well.
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Another bipartisan bill introduced by Reps. Abigail Spanberger (D-Va.) and Chip Roy (R-Texas), known as the TRUST in Congress Act, would require members of Congress, their spouses and dependents to place investments into blind trusts until after they leave office.
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“Her TRUST in Congress Act continues to gain steam — with more than 55 Republicans and Democrats now supporting her bill. And in the wake of lawmaker trades related to Silicon Valley Bank and First Republic Bank, Rep. Spanberger’s office is seeing more interest from lawmakers who want to join her push.”
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