A new, bipartisan bill has been unveiled that would finally ban members of Congress from trading individual stocks. For over a decade, there have been a ton of different bills proposed to try and deal with this, but they’ve all pretty much stalled out because of disagreements over the details and a general lack of support from top congressional leaders.
This whole effort was led by two guys you wouldn’t necessarily expect to see working together: Texas Republican Rep. Chip Roy and Rhode Island Democrat Seth Magaziner. Rep. Roy told NPR, “They do not send us here to enrich ourselves while we are voting on the issues they send us here to fix and address and then have members who are trading stocks on the very issues they’re supposed to be voting on.”
