{"id":2483397,"date":"2025-09-07T12:56:01","date_gmt":"2025-09-07T16:56:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/push-to-ban-stock-trading-follows-il-reps-reported-violations\/"},"modified":"2025-09-07T12:57:21","modified_gmt":"2025-09-07T16:57:21","slug":"push-to-ban-stock-trading-follows-il-reps-reported-violations","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/push-to-ban-stock-trading-follows-il-reps-reported-violations\/","title":{"rendered":"Push to ban stock trading follows IL rep\u2019s reported violations"},"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\">20<\/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%2Fpush-to-ban-stock-trading-follows-il-reps-reported-violations%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=2483397&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 reports on a push to ban stock trading by members of the U.S. Congress following revelations that Illinois Congressman Jonathan Jackson was late in <a href=\"https:\/\/amzn.to\/3YuVZYV\" >disclosing 31 stock trades made<\/a> by his wife.In response, Illinois Representative Raja krishnamoorthi, along with a bipartisan group of lawmakers, introduced the Restore Trust in Congress Act (HR 5106), which seeks to prohibit members of Congress, their spouses, dependent children, and trustees from owning or <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/after-ethics-review-fed-bars-top-officials-from-trading-individual-stocks\/\" title=\"After Ethics Review, Fed Bars Top Officials From Trading Individual Stocks\">trading individual stocks<\/a>, securities, commodities, or futures. The bill aims to prevent insider trading and conflicts of interest among federal lawmakers and includes enforcement mechanisms through congressional ethics offices. The legislation has garnered bipartisan support, including from Representatives Alexandria Ocasio-Cortez and Anna Paulina Luna, the latter noting strong public backing and urging House leadership to bring the bill to a vote.If stalled, supporters are preparing a discharge petition to force consideration. The ban is framed as a necessary reform to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-justice-department-nominee-faces-ethics-minefield-from-fathers-corporate-interests\/\" title=\"Biden Justice Department Nominee Faces Ethics Minefield From Father\u2019s Corporate Interests\">restore public trust<\/a> and ensure lawmakers focus on representing their constituents instead of personal financial gain. <br \/> <!DOCTYPE html><br \/>\n<?xml encoding=\"utf-8\" ?><html><body><\/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\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/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\"><\/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\/\"><\/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\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Push to ban stock trading by Congress follows IL rep&rsquo;s reported violations<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2222383\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square) &ndash; After an <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/illinois\/\" target=\"_blank\" rel=\"noreferrer noopener\">Illinois<\/a> congressman reportedly broke the law with late disclosures of <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/trade\/\" target=\"_blank\" rel=\"noreferrer noopener\">stock trades<\/a>, another member of the state&rsquo;s delegation is urging colleagues to prohibit stock trading by members of <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/congress\/\" target=\"_blank\" rel=\"noreferrer noopener\">Congress<\/a>.<\/p>\n<p>OpenSecrets revealed on August 26 that Illinois U.S. Rep. Jonathan Jackson, D-Chicago, was weeks late in disclosing 31 stock trades made by his wife earlier this year.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3796472\/proposed-federal-funding-bill-electric-hydrogen-buses\/\">Proposed federal funding bill doles out nearly $16M for electric, hydrogen buses<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/3796407\/russia-damages-ukraine-government-building-drone-attack\/\">Russia damages Ukrainian government building in largest attack since war began<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3796473\/football-season-returns-so-does-baldwins-go-pack-go-act\/\">Football season returns, so does Baldwin&rsquo;s Go Pack Go Act<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Illinois U.S. Rep. Raja Krishnamoorthi, D-Schaumburg, joined a bipartisan group of lawmakers this week to introduce a ban on stock trading by members of Congress.<\/p>\n<p>&ldquo;We&rsquo;re not going to judge what you did before now, but now that this bill is going to come to the floor, and we&rsquo;re going to make sure of that, it&rsquo;s your chance to get right with the American people,&rdquo; Krishnamoorthi said.<\/p>\n<p>The Illinois Democrat urged his colleagues to &ldquo;do the right thing.&rdquo;<\/p>\n<p>&ldquo;Congress is not a casino. It&rsquo;s not a stock exchange. It&rsquo;s not a betting parlor. The only bet we should be making is on the American people,&rdquo; Krishnamoorthi added.<\/p>\n<p>The Center Square contacted Jackson&rsquo;s office several times for comment, but the congressman was not immediately available. Dozens of federal lawmakers had similar violations in the past decade, with dollar amounts of the stock trades ranging from hundreds of dollars to millions.<\/p>\n<p>U.S. Reps. Chip Roy, R-Texas, and Seth Magaziner, D-Rhode Island, introduced the Restore Trust in Congress Act, which prohibits members of Congress, their spouses, dependent children and their trustees from owning, buying or selling individual stocks, securities, commodities or futures. The bill also outlines the process by which lawmakers would be required to divest from covered assets.<\/p>\n<p>Although the measure includes exceptions, it reconciles several previously introduced bills and aims to prevent insider trading by federal lawmakers and their families. HR 5106 also provides for lawmakers&rsquo; supervising ethics office to impose and enforce penalties and issue any additional guidance.<\/p>\n<p>U.S. Rep. Alexandria Ocasio-Cortez, D-New York, said the bill got stronger as lawmakers worked together.<\/p>\n<p>&ldquo;It is one of those rare moments where I feel like Washington is working the way that it&rsquo;s supposed to work,&rdquo; Ocasio-Cortez said.<\/p>\n<p>U.S. Rep. Anna Paulina Luna, R-Florida, said 95% of Americans support the bill and she expects leadership to bring it to the House floor.<\/p>\n<p>&ldquo;The President [Donald Trump] has stated that he supports banning this, because it is corrupt. Frankly, the fact that members are getting, what, plus-600% returns on their investments is wrong. More importantly, how could you ever be expected to represent your constituents when you&rsquo;re clearly worried about your pocketbook?&rdquo; Luna asked.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/3458085\/house-of-representatives-senate-members-not-seeking-reelection\/\" target=\"_blank\" rel=\"noreferrer noopener\">LIST: THE MEMBERS OF THE HOUSE AND SENATE WHO HAVE SAID THEY WON&rsquo;T SEEK REELECTION<\/a><\/strong><\/p>\n<p>According to Luna, the bill&rsquo;s supporters &ldquo;asked nicely&rdquo; for House leadership to bring HR 5106 to the House floor. If they don&rsquo;t, Luna said a discharge petition is prepared and ready to go.<\/p>\n<p>Luna said the coalition is hopeful that the bill will be brought to the floor in regular order.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script> <\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Push to ban congressional stock trading after IL law breach<\/p>\n","protected":false},"author":2869,"featured_media":2483398,"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\/2025\/08\/AP060621046931.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[62795,62794,53193,34556,62796],"class_list":["post-2483397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-ethics-violations","tag-illinois-representative","tag-insider-trading","tag-stock-trading","tag-trading-ban"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/08\/AP060621046931.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2483397","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\/2869"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2483397"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2483397\/revisions"}],"predecessor-version":[{"id":2483401,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2483397\/revisions\/2483401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2483398"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2483397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2483397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2483397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}