You might think it would be a no-brainer to ban senior politicians and their spouses from trading or owning stocks. Anyone with a brain can see there’s a major conflict of interest here, as they can influence or decide policy that’ll benefit specific companies and then laugh all the way to the bank.
It’s just common sense, so we’re glad to see that there’s a bill slowly going through the Senate that aims to ban it for good. The bill, initially known as the Preventing Elected Leaders from Owning Securities and Investments Act (acronym PELOSI in a dig at Nancy Pelosi’s husband), has since transformed into the Honest Act, and now includes a provision to ban the president and vice president from owning stock.
