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Congress Mulls Stock Trading Ban for Lawmakers
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The House of Representatives is set to vote on a stock trading ban for lawmakers in early 2023, excluding the President and Vice President. The proposed legislation would prohibit members of Congress, their spouses, and dependent children from owning or trading stocks, securities, or similar financial assets. Current lawmakers would have 180 days to sell off these assets, while future lawmakers would have 90 days after taking office. Some Democrats argue for including the President, Vice President, and their spouses in the ban, citing greater access to inside information. A petition to force a vote on the ban has been filed, but leading Republicans and Democrats oppose it, preferring their own separate proposals. The goal is to restore public trust in Congress by aligning congressional stock trading rules with existing executive branch restrictions.
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