{"id":905527,"date":"2021-10-21T11:13:55","date_gmt":"2021-10-21T15:13:55","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=905527"},"modified":"2021-10-21T11:13:56","modified_gmt":"2021-10-21T15:13:56","slug":"exclusive-reps-norman-khanna-introduce-bipartisan-bill-to-cut-congressional-retirement-benefits","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-reps-norman-khanna-introduce-bipartisan-bill-to-cut-congressional-retirement-benefits\/","title":{"rendered":"EXCLUSIVE: Reps. Norman, Khanna Introduce Bipartisan Bill To Cut Congressional Retirement Benefits"},"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\">24<\/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%2Fexclusive-reps-norman-khanna-introduce-bipartisan-bill-to-cut-congressional-retirement-benefits%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=905527&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--><div><\/div>\n<p>Republican South Carolina Rep. Ralph Norman and Democratic California Rep. Ro Khanna introduced a bill Thursday that would cut retirement benefits accrued by members of Congress.<\/p>\n<p>The Stop Congressional Retirees Accessing Perks (SCRAP) Act, obtained exclusively by the Daily Caller, eliminates the $174,000 death gratuity paid to the families of members who die in the middle of a congressional session and ends member participation in a federal employee pension program. Retired members of Congress currently receive $139,200 as part of the pension plan, <a href=\"https:\/\/www.investopedia.com\/articles\/markets\/080416\/how-congress-retirement-pay-compares-overall-average.asp\">according<\/a> to Investopedia.<\/p>\n<p>\u201cCorruption in Washington is a bipartisan problem,\u201d Norman told the Daily Caller. \u201cFor too long, politicians have received special privileges, inaccessible to the American people, because of their positions of power. It\u2019s no surprise they have safeguarded them for so long. The SCRAP Act is a bipartisan bill and part of a larger effort to restore integrity in Congress and weed out individuals here for the wrong reasons.\u201d<\/p>\n<p>The SCRAP Act also terminates retired representatives\u2019 access to the House floor, access to the members\u2019 gym, access to the members\u2019 dining room and access to members\u2019 parking spaces. Those provisions can be waived by the Speaker of the House and Minority Leader on a case-by-case basis, although any waivers would have to be published in the Congressional Record.<\/p>\n<p>\u201cFormer members of Congress should have to play by the same rules as every American. It\u2019s past time we end the special privileges and luxuries for former members at the expense of taxpayers by passing the SCRAP Act. Let\u2019s work to restore accountability in Congress,\u201d Khanna told the Daily Caller.<\/p>\n<p>In the wake of stock trades conducted by members during the COVID-19 pandemic, Congress has looked to beef up its ethics requirements. The bipartisan Ban Conflicted Trading Act, <a href=\"https:\/\/thehill.com\/policy\/finance\/541425-bipartisan-bill-would-ban-lawmakers-from-buying-selling-stocks\">introduced<\/a> in March, would ban members and their staffers from trading stocks without filing disclosures. The STOCK Act, passed in 2012, already prevents members and staffers from trading stocks based off of non-public information. <strong><a href=\"https:\/\/dailycaller.com\/2021\/07\/19\/fact-harley-rouda-stock-act-trades-ethics-complaint\/\">(RELATED: Ethics Complaint Alleges Democratic Rep. Broke Law By Failing To Disclose Stock Trades)<\/a><\/strong><\/p>\n<p>The Federal Bureau of Investigation (FBI) and Securities and Exchange Commission (SEC) investigated five senators for possible insider trading at the beginning of the pandemic, North Carolina Republican Richard Burr, Georgia Republicans Kelly <a href=\"https:\/\/dailycaller.com\/2020\/03\/19\/loeffler-burr-senator-sell-stocks-coronavirus\/\" target=\"_blank\" rel=\"noopener noreferrer\">Loeffler<\/a> and David <a href=\"https:\/\/www.forbes.com\/sites\/andrewsolender\/2020\/11\/25\/sen-david-perdue-faces-renewed-scrutiny-over-stock-trades\/?sh=53105f4057a3\" target=\"_blank\" rel=\"noopener noreferrer\">Perdue<\/a>, Oklahoma Republican James Inhofe and California Democrat Dianne <a href=\"https:\/\/dailycaller.com\/2020\/05\/14\/feinstein-fbi-husband-stock-burr-loeffler\/\" target=\"_blank\" rel=\"noopener noreferrer\">Feinstein<\/a>. None of the five were charged, although the FBI did <a href=\"https:\/\/dailycaller.com\/2020\/05\/13\/richard-burr-fbi-investigation-stocks\/\">seize<\/a> Burr\u2019s cell phone as part of its investigation.<\/p>\n<p><a title=\"View SCRAP Act Final Bill on Scribd\" href=\"https:\/\/www.scribd.com\/document\/534185589\/SCRAP-Act-Final-Bill#from_embed\">SCRAP Act Final Bill<\/a> by <a title=\"View Michael Ginsberg&#039;s profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/548087574\/Michael-Ginsberg#from_embed\">Michael Ginsberg<\/a> on Scribd<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republican South Carolina Rep. Ralph Norman and Democratic California Rep. Ro Khanna introduced a bill Thursday that would cut retirement benefits accrued by members of Congress.The Stop Congressional Retirees Accessing &#8230;<\/p>\n","protected":false},"author":1,"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-905527","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\/905527","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=905527"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/905527\/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=905527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=905527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=905527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}