After months of pressure from rank-and-file members, a House panel will consider a new Republican-led bill this week that aims to prohibit members of Congress from trading stocks.
The bill, unveiled Monday by House Administration Chair Bryan Steil, R-Wis., would ban members of Congress, their spouses and dependent children from buying new stocks. But it would allow them to keep the ones they already own, and they could still buy and sell diversified investment funds.
If members wanted to sell their individual stocks, they would be required to publicly give notice at least seven days and no more than 14 days before doing so.
