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2d ago

Congressional Stock Trading Ban Gains Momentum with Bipartisan Support

House Speaker Mike Johnson backs legislation to bar lawmakers and spouses from trading individual stocks, as Rep. Mark Alford introduces a key House companion bill.

Speaker Mike Johnson, seen here arriving for a House Republican Conference meeting in the Capitol on Wednesday, publicly threw his weight behind a push to ban congressional stock trading.
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Overview

  • Rep. Mark Alford introduced a House bill on May 14, serving as a companion to Sen. Josh Hawley’s PELOSI Act, to ban lawmakers and their spouses from trading individual stocks.
  • Speaker Mike Johnson publicly endorsed the ban, citing the need to eliminate any appearance of impropriety, but stopped short of committing to a House vote.
  • The proposed legislation would require lawmakers to divest from individual stocks within 180 days and includes penalties such as profit forfeiture and fines for violations.
  • President Donald Trump and House Minority Leader Hakeem Jeffries have also expressed support for the ban, signaling rare bipartisan and executive branch alignment.
  • Previous attempts to regulate congressional stock trading, like the 2012 STOCK Act, have faced criticism for weak enforcement, fueling calls for stricter measures.