{"id":1213418,"date":"2022-01-13T08:19:24","date_gmt":"2022-01-13T13:19:24","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1213418"},"modified":"2022-01-13T08:19:26","modified_gmt":"2022-01-13T13:19:26","slug":"josh-hawley-announces-bill-banning-insider-trading-in-congress","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/josh-hawley-announces-bill-banning-insider-trading-in-congress\/","title":{"rendered":"Josh Hawley Announces Bill Banning Insider Trading In Congress"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjosh-hawley-announces-bill-banning-insider-trading-in-congress%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1213418&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Sen. Josh Hawley is proposing legislation to further prevent members of Congress from insider trading.<\/p>\n<p>The legislation \u2014 entitled the \u201cBanning Insider Trading in Congress Act\u201d \u2014 would <a href=\"https:\/\/thehill.com\/homenews\/senate\/589520-hawley-introduces-bill-banning-lawmakers-from-making-stock-trades-in-office\">stop<\/a> lawmakers and their spouses from holding, buying, or selling individual stocks. However, the bill would not ban investments in mutual funds, exchange-traded funds, or Treasury bonds.<\/p>\n<p>\u201cYear after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they\u2019re supposed to be regulating,\u201d Hawley said in a <a href=\"https:\/\/twitter.com\/abigailmarone\/status\/1481422244349939716\">statement<\/a>. \u201cWall Street and Big Tech work hand-in-hand with elected officials to enrich each other at the expense of the country.\u201d<\/p>\n<p>Hawley\u2019s announcement occurs as Sen. Jon Ossoff (D-GA) partners with Sen. Mark Kelly (D-AZ) to offer similar legislation. As <a href=\"https:\/\/www.axios.com\/josh-hawley-stock-ban-bill-c1f17548-286c-4244-8798-ce465efffc1f.html\">Axios<\/a> reported, \u201cthis means there will be now be two similar bills to ban stock trades individually championed by two vastly different lawmakers \u2014 further complicating the effort to pass a stock trading ban this session.\u201d&nbsp;<\/p>\n<p>Talks between Ossoff and Hawley\u2019s offices \u201cfizzled out,\u201d according to the outlet. While Ossoff\u2019s bill would ban dependent children from investing, Hawley\u2019s bill would not; Hawley\u2019s bill would charge the Government Accountability Office with providing oversight, which Ossoff\u2019s bill leaves to congressional ethics committees.<\/p>\n<p>A report from The New York Times\u2019 DealBook \u2014 based upon research conducted by Capitol Trades \u2014 showed that members of Congress and their immediate families exchanged more than $630 million in stocks last year. The report came days after House Speaker Nancy Pelosi (D-CA) <a href=\"https:\/\/www.dailywire.com\/news\/pelosi-on-why-congress-should-be-allowed-to-trade-stock-after-dozens-broke-law-we-should-be-able-to\">deflected<\/a> questions as to why lawmakers should be allowed to trade individual stocks.&nbsp;<\/p>\n<p>\u201cMadam Speaker, Insider just completed a five\u2011month investigation finding that 49 Members of Congress and 182 senior Congressional staffers have violated the STOCK Act, the insider trading law,\u201d said a reporter. \u201cI\u2019m wondering if you have any reaction to that.\u201d<\/p>\n<p>\u201cNo, I don\u2019t \u2014 no, to the second one. Any \u2014 we have a responsibility to report in the stock \u2014 on the stock,\u201d Pelosi responded. \u201cBut I don\u2019t \u2014 I\u2019m not familiar with that five month review, but if the people aren\u2019t reporting, they should be.\u201d<\/p>\n<p>\u201cWhy shouldn\u2019t they be banned?\u201d the reporter pressed.<\/p>\n<p>\u201cBecause this is a free market and people \u2014 we are a free market economy,\u201d Pelosi responded. \u201cThey should be able to participate in that.\u201d<\/p>\n<p>Podcast host Joe Rogan later <a href=\"https:\/\/www.dailywire.com\/news\/rogan-rips-pelosi-for-defending-politicians-trading-stock-have-you-ever-seen-a-person-look-more-nervous\">blasted<\/a> Pelosi for the remarks.<\/p>\n<p>\u201cThey make their money when they get out,\u201d Rogan said of politicians after they leave office. \u201cWhat it is is [it\u2019s] like an investment, if you get out you will have money for speaking engagements with all the companies that you helped, all the companies that you like, \u2018Hey, I like you. I like you. Let\u2019s hang out, let\u2019s party.\u2019 They\u2019re like, \u2018Hey, Mike. Mike the former president, we\u2019d love to have you come speak at our conference, and we\u2019re willing to pay you a half a million dollars.\u2019 So this [it\u2019s] like weird bribes.\u201d<\/p>\n<p>\u201cShe\u2019s giving this like very simplistic, almost vague answer,\u201d Rogan said after watching Pelosi\u2019s comments. \u201cBecause should you be allowed to participate in the stock market when you\u2019re influencing the direction of the stock or when you know which direction something\u2019s going to go in? Or when you\u2019re going to pass a law that\u2019s going to benefit these businesses, that\u2019s going to force the stock to go up, and you know that, so you invest a sh*t ton of money before it happens? That seems like a problem. That seems like it\u2019s a problem. Now why is that not a problem? Because we\u2019re f***ing co-opted.\u201d<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sen. Josh Hawley is proposing legislation to further prevent members of Congress from insider trading. The legislation \u2014 entitled the \u201cBanning Insider Trading in Congress Act\u201d \u2014 would stop lawmakers and their spouses from holding, buying, or selling individual stocks. However, the bill would not ban investments in mutual funds, exchange-traded funds, or Treasury bonds. &#8230;<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1213418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1213418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1213418"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1213418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1213418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1213418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1213418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}