The Biden administration will defer any rule changes around lawmakers trading stocks to congressional leadership, White House Press Secretary Jen Psaki said.
President Biden waves as he returns to the White House on Jan. 17. Photo: Chip Somodevilla/Getty Images
The Biden administration will defer any rule changes around lawmakers trading stocks to congressional leadership, White House Press Secretary Jen Psaki said Tuesday.Psaki's remarks come as momentum is building among some progressive Democrats and MAGA Republicans on a proposal to ban sitting lawmakers from trading individual stocks,"The President didn't trade individual stocks when he was a senator, that is how we approached things," Psaki said.
The proposal — which could ban lawmakers, their spouses and dependent children from trading individual stocks while in office — is unlikely to be brought up for a vote by congressional leadership.
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