A bipartisan group of Senators introduced a new bill that would ban Congress from trading stocks.
The ETHICS act would impose hefty fines against members of Congress that violate the law.
The ETHICS legislation, if passed, would immediately ban members of Congress from trading stocks, and it would come with an imposed timeline to divest their stocks when the next session of Congress starts in 2027.
The proposed law would also impose hefty fines on Congressional members who violated the trading ban.
But the passage of this new stock trading ban faces an uphill battle from Congress itself.
Persons:
Jeff Hawley, —, Josh Hawley, Jon Ossoff, Jeff Merkley, Gary Peters, Hawley, Alexandria Ocasio, Cortez, Matt Gaetz, don't, Merkley
Organizations:
Senators, Service, Democratic, Holdings, Senate's Homeland Security, Governmental Affairs Committee, NPR
Locations:
Congress