House Administration Committee Chairman Bryan Steil (R-WI) on Monday unveiled legislation to ban members of Congress, their spouses, and their children from purchasing publicly traded stocks, which has received endorsements from GOP leadership, moderates, and conservatives.
“The American people deserve to know their Member of Congress is not profiting off insider information. The Stop Insider Trading Act ensures that cannot happen,” Steil, the Committee on House Administration (CHA) said in a written statement. “This legislation is critical to restoring the public’s trust in their elected officials.
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