The House of Representatives is set to consider a stock trading ban on lawmakers once the government shutdown concludes, potentially ending a controversial practice that has sparked uproar from Americans.
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“Speaker Johnson has notified me that as soon as we return and the government is reopened, the bill to ban insider trading is going to be marked up in committee,” said Rep. Anna Paulina Luna of Florida in an X post.
Shutdown Stalls Luna’s Discharge Petition to Ban Lawmaker Trading
Luna has already signed the Restore Trust in Congress Act, which would ban members of Congress, their spouses, dependent children, and trustees from trading individual stocks, securities, commodities, and futures.
She previously set a deadline for the end of September to enforce a discharge petition to ban trading among lawmakers. The petition is used to force a bill out of a committee and bring it to the full House for a vote, even if the committee leadership doesn’t support it. However, the government shutdown disrupted Luna’s plan, and it isn’t clear if or when she plans to still use the petition.
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