A Republican took the first step toward triggering a House vote barring lawmakers and their spouses from trading individual stocks Monday — forcing leaders’ hands and increasing the chances of a long-sought ban during this Congress.
Rep. Anna Paulina Luna (R-Fla.) leapfrogged House Republican leadership and said she has filed a discharge petition, allowing her to force a vote on the measure if 218 lawmakers sign on. The legislation has broad bipartisan support but faces opposition from traders in Congress. Luna filed the petition after accusing Republican leadership of slow-walking the stock ban push and trying to water down proposed legislation.
The underlying bill carries H.R. 1908, which is led by Rep. Tim Burchett (R-Tenn.), would prohibit members of Congress, their spouses, and dependents from trading individual stocks. The ban wouldn’t extend to the executive branch, though many Democrats have agitated for legislation to address President Donald Trump’s crypto and business interests.
>The legislation has broad bipartisan support but faces opposition from traders in Congress.
Jeffries in the corner fuming that this play from the “do-nothing Republicans” is going to steal the thunder from his sportsball team’s discharge petition and, to make it worse, he might have to go on record as thinking the insider trading is cool actually.
Anyway, it’s a good bill. They should force the vote, and then pass it.
alabasterskim on
The Speaker has no clothes.
A good leader would not let these petitions keep happening; he’d get which way the wind is blowing and get ahead of it to at least save face. Instead, he keeps visibly getting run over. I hate Johnson, but for a while I thought it was amazing what he was managing to do with such a small majority that is also divided between two schools of thought. Now, not so much.
Aromatic_Policy_6705 on
Autopilot is reporting Nancy Pelosi as being up 229% all time in there app. One of the most prolific stock traders of our time.
Minguseyes on
Will the ban include Mike Johnson’s church? You know, the one he gives all his money to and that invests it tax free and then distributes it as he directs? Because that’s what Jesus would have done?
Grouchy_Value7852 on
Hello….the horse is out of the barn. March 25 through April 1, 2025 was the inside information where billions were wiped out of annuities and retirement accounts. The big brokerage, bankers and buffoon muppets in Washington got your $$ then. Chuck Schwab bragged he made billions in those days.
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Here’s more from the story:
A Republican took the first step toward triggering a House vote barring lawmakers and their spouses from trading individual stocks Monday — forcing leaders’ hands and increasing the chances of a long-sought ban during this Congress.
Rep. Anna Paulina Luna (R-Fla.) leapfrogged House Republican leadership and said she has filed a discharge petition, allowing her to force a vote on the measure if 218 lawmakers sign on. The legislation has broad bipartisan support but faces opposition from traders in Congress. Luna filed the petition after accusing Republican leadership of slow-walking the stock ban push and trying to water down proposed legislation.
The underlying bill carries H.R. 1908, which is led by Rep. Tim Burchett (R-Tenn.), would prohibit members of Congress, their spouses, and dependents from trading individual stocks. The ban wouldn’t extend to the executive branch, though many Democrats have agitated for legislation to address President Donald Trump’s crypto and business interests.
Read the full story [here](https://news.bgov.com/bloomberg-government-news/house-republican-moves-to-force-vote-on-congressional-stock-ban?utm_source=reddit.com&utm_medium=bgov).
-Abbey
>The legislation has broad bipartisan support but faces opposition from traders in Congress.
Jeffries in the corner fuming that this play from the “do-nothing Republicans” is going to steal the thunder from his sportsball team’s discharge petition and, to make it worse, he might have to go on record as thinking the insider trading is cool actually.
Anyway, it’s a good bill. They should force the vote, and then pass it.
The Speaker has no clothes.
A good leader would not let these petitions keep happening; he’d get which way the wind is blowing and get ahead of it to at least save face. Instead, he keeps visibly getting run over. I hate Johnson, but for a while I thought it was amazing what he was managing to do with such a small majority that is also divided between two schools of thought. Now, not so much.
Autopilot is reporting Nancy Pelosi as being up 229% all time in there app. One of the most prolific stock traders of our time.
Will the ban include Mike Johnson’s church? You know, the one he gives all his money to and that invests it tax free and then distributes it as he directs? Because that’s what Jesus would have done?
Hello….the horse is out of the barn. March 25 through April 1, 2025 was the inside information where billions were wiped out of annuities and retirement accounts. The big brokerage, bankers and buffoon muppets in Washington got your $$ then. Chuck Schwab bragged he made billions in those days.