Rep. Jared Golden (D-Maine) took the lead on a bipartisan letter calling on House Speaker Mike Johnson (R-La.) and House Democratic Leader Hakeem Jeffries (D-N.Y.) to vote on legislation intended to ban members of congress and other politicians from trading or holding stocks while in office.
[RELATED: Congressional Corruption: Pelosi Profits from Shady Nvidia Stock Trading…]
“Members of Congress should be working in service of their constituents, not using their positions to line their own pockets. I led a bipartisan group of 20 lawmakers today urging a vote on a congressional stock trading ban,” said Rep. Golden on X.
Golden, along with Rep. Brian Fitzpatrick (R-Penn.) penned the letter on behalf of a 20 representative bipartisan coalition, highlighting suspicious trading practices among congress members.
[RELATED: Golden Dodges Biden’s “Senior Moments” But Says Trump Will Win…]
The letter pointed to numerous congress members violating laws against using non-public information to make stock trades, and pointed to 97 members between 2019-2021 who have traded in companies directly affected by their committee assignments.
Rep. Nancy Pelosi (D-Calif.) has long been known for her massive stock profits and high volume of trades, including massively profiting on Nvidia calls purchased in December, 2023.
The letter claimed that the vast majority of Americans, 86 percent, support a ban on congressional stock trading.
Supporters of the ban believe that it would work towards restoring Americans’ trust in Congress.
“It’s been nearly two years since House leadership committed to holding a vote on a bill to reform stock trading practices for Members of Congress. In a hyper-partisan political environment where American approval ratings of Congress are at an all-time low, this is a common-sense and bipartisan change, making it crystal clear that we come to Washington to serve our constituents, not to serve our own financial interests,” said the letter.
Golden’s letter, which was sent out on Tuesday, came one day before a group of four Senators, Jon Ossoff (D-Ga.), Gary Peters (D-Mich.), Josh Hawley (R-Mo.), and Jeff Merkley (D-Ore.) agreed to advance a bill barring members of Congress, their immediate families, and the president and vice president from trading stocks.
That measure, however, would not be set to take effect until 2027.
Interestingly, one of the senators involved in that push, Sen. Peters, has traded millions of dollars worth of stocks, with his most recent trade coming from May.
<span class="dsq-postid" data-dsqidentifier="29244 https://www.themainewire.com/?p=29244">5 Comments
“Supporters of the ban believe that it would work towards restoring Americans’ trust in Congress.” It would be a good step, but they’d find a loophole and I still wouldn’t trust these political hacks to babysit my grandkids.
What does Chellie think of that, is it that how she and the rest became multi millionaires? Ban their families also, that is a big loophole.
It has to be election season, this will be like earmarks, get rid of them until after the election then it is back to business as usual, ask Collins she is the biggest pig at the earmark trough,
Little Jared Golden is using the Susan Collin’s deception method to get re-elected I see. Don’t let him get away with it. Don’t let this little turd deceive you. If he gets back in he’ll go right back to business as usual, as a democRAT communist.
Or, pass a law giving regular citizens standing to sue members who inside trade. If the doj wont enforce the law the state should be able to.
Golden boy Golden playing his game of acting conservative just before election. Just another fraud game to keep his paycheck while doing the leftists biding 1-1/2yrs at a time then act conservative 6months before election. Don’t fall for the fraud!