Bipartisan bill proposes banning stock ownership for lawmakers and administration officials

Sens. Hawley and Gillibrand introduced bipartisan legislation to ban lawmakers and administration officials from owning individual stocks.
The bill aims to prevent politicians from profiting off nonpublic information and making policy decisions based on personal finances.
Lawmakers would still be allowed to hold broad mutual funds and index funds under the proposed rules.
The legislation also increases transparency through public disclosure databases and tougher penalties for violations.
Multiple bipartisan efforts are underway to enact stock trading bans after controversies involving lawmakers' trading activities.