Congress stock trading restriction bill moves forward

A Senate Committee has moved forward with a bill to ban MPs and top executive officers from business shares while in office. Name of law, honest act,Through the Senate Homeland Security and Government Affairs Committee, with the support of all Democrats and just one Republican: Missouri Senator Josh Hale.

The bill will prevent Congress, President and Vice President members from purchasing or selling personal stocks. It also makes the division of most financial holdings compulsory within 90 days of law with some exceptions. But an important provision has increased eyebrows: the ban will not be applicable during its current terms on President Donald Trump or Vice President JD Vance.

This has expressed even more concern about the bias, and may derail the last route of the bill.

According to an annual report by the unusual whale, several Congress members have defeated the stock market at a statistically non-elevated rate. In the image below, the dotted yellow line is that which is returned to S&P 500 2024:

How to work stock trading restrictions

Under the Honest Act (formally called Pelosi Act) MPs, President, Vice President, and their spouse and dependent children will be required:

• As soon as the law applies, stop obtaining property such as personal stock, options, futures, goods and digital assets.
• Sell these investments within 90 days of the onset of their next term in the office.
• Transfer existing assets to diverse mutual funds, exchange-traded funds (ETFs), or US Treasury Securities.

The bill strengthens enforcement by increasing the penalty penalty penalty by increasing the penalty from $ 200 to $ 500. This requires public reporting by MPs or their family members exemption from the federal government, blind trust disintegration and even financial benefits.

Some types of investment, such as retirement funds, municipal bonds, and holdings in small businesses without conflict of interest, are excluded from the requirement of division.

Trump and Vance are exempted

The revised bill delays the current president and vice -president. Although future office holders will be subject to full ban, Trump and Vance will not need to sell their existing holdings until they leave office or start a new term.

Speaking at a press conference, Trump offered only general approval. “I like it ideologically,” he said. “I think what Pelosi has done, and I like it, but I like it in this sense. But I have to study it further.”

GOP resistance

Despite introducing the original law under the Pelosi Act, Hale found himself the lonely Republican in support of the final version. Many of his GOP colleagues attacked the bill, such as inappropriate for rich MPs, and a preventive for public service.

Senator Rick Scott (R-Fla) said, “I don’t know when this country has become negative to earn money.”

Hale rejected criticism. “They don’t want to ban stock trading,” he told reporters. “I think this is a mistake.”

Division member highlights the political complexity of banning trading. While voting suggests widespread public support for such measures, the self-pulsing of the Congress is limited. Nancy Pelosi has received a lot of presses over the years for his record investment performance. Common Americans are worried.

what happens next

The bill is now near the full Senate, where its path is uncertain. While many democrats have supported, the integrated Republican opposition can prevent its progress until the carvout and exemption is preserved.

Meanwhile, the House Republicans are advancing their own versions of a trading ban, although no President or Vice President is currently involved.

Politically, despite the main idea of the bill, that those coming to power should not benefit from information, party lines continue to resonance. Whether it becomes law, and whether it applies equally, it remains to be seen.

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