Biden Endorses Ban on Congressional Stock Trading

The outgoing president breaks his silence on a contentious issue, calling for federal legislation to prohibit lawmakers from trading stocks while in office.

President Joe Biden publicly supported banning members of Congress from trading stocks, marking his first clear stance on the issue during his presidency.
Biden criticized the practice as unethical, stating it gives lawmakers unfair financial advantages due to their access to privileged information.
Bipartisan proposals to ban congressional stock trading, including the Bipartisan Restoring Faith in Government Act, have stalled despite significant public support.
Current regulations under the STOCK Act require disclosure of trades but have been criticized for weak enforcement and lack of transparency.
Biden's remarks come as he nears the end of his term, leaving uncertainty about whether his endorsement will influence legislative action.