Some lawmakers are pushing for tighter rules on stock trading by members of Congress, citing sensitive information and possible conflicts of interest
FBI officials conducted investigations into then Sen. Kelly Loeffler, a Republican from Georgia, and Sens. James Inhofe , Richard Burr and Dianne Feinstein , andThe Senate bill, which would continue to allow lawmakers to directly control mutual-funds holdings and other diversified products, doesn’t have any Republican co-sponsors and isn’t expected to come up for a vote soon. In the House, Rep. Abigail Spanberger and Rep. Chip Roy have a similar bill with 15 sponsors.
Asked on CNBC last week about banning lawmakers from trading individual stocks, White House spokesman Brian Deese called the idea sensible and said such a move would help “restore faith in our institutions.” “It’s important to realize, for instance, I am 61 years old, for 40 years I’ve been building up a retirement, mostly in stocks. It’s not as easy as ‘don’t do stocks,’” said Rep. John Curtis , who worked in the private sector before being elected as mayor of Provo, Utah, in 2009. The majority of his portfolio is controlled by a financial adviser, he said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Age to Carry Concealed Weapon in Wisconsin Would Be Lowered Under Republican PlanRepublican state lawmakers are pushing a plan that would lower the minimum age to legally carry a concealed weapon in Wisconsin.
Read more »
How Martin Luther King, Jr.’s multifaceted view on human rights still inspires todaySome of Rev. Martin Luther King, Jr.'s most iconic speeches and marches were devoted to ending war, dismantling nuclear weapons, and bringing economic justice—a multifaceted view on human rights which still inspires today
Read more »
Will stocks trade on Martin Luther King Jr. Day?Markets will pause on Monday to recognize the Martin Luther King Jr. Holiday.
Read more »
WSJ News Exclusive | Kohl’s Is Urged by Macellum to Make Changes or Explore SaleKohl's is being urged to alter its board or explore a sale by activist investor Macellum, people familiar with the matter say
Read more »
UN pushes for Libya election in June, urges lawmakers to agree on timelineA senior UN official says she is pushing for Libya to hold elections by June, after the country missed a December deadline to elect its first president since the 2011 ouster and killing of ruler Muammar Gaddafi
Read more »
Lawmakers Seek to Weaken Ban on Surprise Medical Bills'Who says bipartisanship is dead? Dozens of congressional Democrats are joining hands with Republicans to sabotage the Biden administration's implementation of the new ban on surprise medical bills.'
Read more »