{"id":2292037,"date":"2024-07-10T15:15:01","date_gmt":"2024-07-10T19:15:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senators-reveal-bipartisan-bill-to-ban-lawmakers-from-stock-trading-washington-examiner\/"},"modified":"2024-07-10T15:16:37","modified_gmt":"2024-07-10T19:16:37","slug":"senators-reveal-bipartisan-bill-to-ban-lawmakers-from-stock-trading-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senators-reveal-bipartisan-bill-to-ban-lawmakers-from-stock-trading-washington-examiner\/","title":{"rendered":"Senators reveal bipartisan bill to ban lawmakers from stock trading &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/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%2Fsenators-reveal-bipartisan-bill-to-ban-lawmakers-from-stock-trading-washington-examiner%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=2292037&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>The article discusses a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bipartisan-bill-would-create-independent-oversight-of-federal-prisons\/\" title=\"Bipartisan Bill Would Create Independent Oversight of Federal Prisons\">bipartisan bill introduced<\/a> by a \u2063group of senators that aims to prohibit members of Congress and the president from trading stocks while in office. The legislation would penalize representatives, senators, the president, and the \u2063vice president, as well as their spouses, children,\u2062 and\u2064 dependents, from engaging \u2063in such investments. The proposed bill comes in response to concerns that elected \u2064officials may use privileged information to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-corrupt-congress-beat-the-market-again-in-2023\/\" title=\"Report: Corrupt Congress Beat The Market Again In 2023\">make lucrative trades<\/a>. The\u200c banned investments would include securities, commodities, futures, options, trusts, and similar assets. Senators Gary Peters, Jeff Merkley, \u200bJosh Hawley, and Jon Ossoff are leading the initiative. The goal is \u200bto ensure transparency and uphold trust in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/when-the-media-tries-to-wash-their-hands-of-andrew-cuomo-remind-them-of-these-comments\/\" title=\"When The Media Tries To Wash Their Hands Of Andrew Cuomo, Remind Them Of These Comments\">government decision-making<\/a>.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><br \/>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\">\n<div class=\"tdb-search-form-inner\"><input class=\"tdb-head-search-form-input\" placeholder=\" \" type=\"text\" value name=\"s\" autocomplete=\"off\"><button class=\"wpb_button wpb_btn-inverse btn tdb-head-search-form-btn\" title=\"Search\" type=\"submit\"><span>Search<\/span><\/button><\/div>\n<\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Senators reveal bipartisan bill to ban lawmakers from stock trading<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-author-name-wrap\"><span class=\"tdb-author-by\">By<\/span> <a class=\"tdb-author-name\" href=\"https:\/\/www.washingtonexaminer.com\/author\/zachary-halaschak\/\">Zachary Halaschak<\/a><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><time class=\"entry-date updated td-module-date\" datetime=\"2024-07-10T14:24:21-04:00\">July 10, 2024 2:24 pm<\/time><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1696133\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>A <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/bipartisanship\/\" target=\"_blank\" rel=\"noopener\" title>bipartisan<\/a> group of senators on Wednesday unveiled a plan to block members of <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/congress\/\" target=\"_blank\" rel=\"noopener\" title>Congress<\/a> and the president from <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tom-cotton-dr-fauci-is-playing-word-games-about-u-s-taxpayer-money-being-sent-to-wuhan-lab\/\" title=\"Tom Cotton: \u2018Dr. Fauci Is Playing Word Games\u2019 About U.S. Taxpayer Money Being Sent To Wuhan Lab\">trading stock<\/a> while in office.<\/p>\n<p>The legislation would make it a penalty for <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/house\/\" target=\"_blank\" rel=\"noopener\" title>representatives<\/a>, senators, the president, and the vice president, as well as their spouses, children, and dependents, from engaging in such investments. The proposed bill comes <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rep-byron-donalds-says-congress-should-not-be-actively-trading-stocks\/\" title=\"Rep. Byron Donalds Says Congress \u2018Should Not Be Actively Trading\u2019 Stocks\">amid bipartisan calls<\/a> for the practice to be stopped, given accusations that elected officials might be using privileged knowledge to make profitable trades.<\/p>\n<p>The investments that the people covered in the bill would be banned from trading include securities, commodities, futures, options, trusts, and other comparable holdings. Sens. Gary Peters (D-MI), Jeff Merkley (D-OR), Josh Hawley (R-MO), and Jon Ossoff (D-GA) are behind the plan.<\/p>\n<p>\u201cAmericans deserve to have confidence that their federal elected officials are making decisions that are in the best interest of the American public and not in the interest of any personal finances,\u201d Peters <a href=\"https:\/\/www.politico.com\/live-updates\/2024\/07\/10\/congress\/action-on-congressional-stock-trading-00167279\" target=\"_blank\" rel=\"noopener\" title>said<\/a> Wednesday, according to <em>Politico<\/em>.<\/p>\n<p>The law would go into effect as soon as the president signs it into law for members of Congress, the president, and the vice president, but it wouldn\u2019t be effective until 2027 for their spouses and dependents.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<p>There will also be a 90-day \u201ccooling-off period\u201d for such trades from the covered people once they leave office.<\/p>\n<p>Violations of the divestment requirements will result in penalties. A penalty will be either the monthly salary of a covered official or 10% of the value of each covered asset in violation of the law, whichever is greater.<\/p>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1696133\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1696133\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<p><\/body><\/html><\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bipartisan group of senators has introduced a bill that would prohibit members of Congress and the president from trading stock while in office. The proposed legislation aims to prevent elected officials and their families from using privileged information for personal financial gain. The bill would also impose penalties for violations, including a cooling-off period for trading after leaving office. Senators Gary Peters, Jeff Merkley, Josh Hawley, and Jon Ossoff are leading the effort to pass the bill<\/p>\n","protected":false},"author":2683,"featured_media":2292038,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/07\/stock-trading-ban.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[34555,3673,3709,34556],"class_list":["post-2292037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-bipartisan-bill","tag-lawmakers","tag-senators","tag-stock-trading"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/07\/stock-trading-ban.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2292037","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\/2683"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2292037"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2292037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2292038"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2292037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2292037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2292037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}