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WASHINGTON — For years, populist lawmakers have clamored for a ban on members of Congress trading stocks while serving in office, only for party leaders to blow off their demands.
This week, House Speaker Mike Johnson (R-La.) announced a seeming breakthrough: a House committee would advance legislation that would apply new restrictions on lawmakers’ stock ownership.
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“Republicans are going to take an important step in our efforts to restore the people’s faith in Congress,” Johnson said Tuesday at a press conference.
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