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Salon
Salon
Politics
Kenny Stancil

Dems may self-sabotage on stock trading

Speaker of the House Nancy Pelosi (D-CA) speaks as House Majority Leader Steny Hoyer (D-MD) looks on at the U.S. Capitol on December 3, 2021 in Washington, DC. (Drew Angerer/Getty Images)

Progressives responded with indignation Tuesday after Rep. Steny Hoyer of Maryland, the second-ranking Democrat in the House, stated his opposition to popular legislation that aims to restrict widespread stock trading by members of Congress, their spouses and dependent children, senior government officials and federal judges, including those on the Supreme Court.

Hoyer, the House majority leader and No. 2 in the leadership after Speaker Nancy Pelosi, reportedly indicated during meetings with colleagues that he intends to vote against a bill that would reform the loophole-ridden STOCK Act when it is brought to the floor, which could happen as soon as this week.

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