(TruthAndLiberty.com) – Kirsten Gillibrand, D-N.Y., and Sens. Josh Hawley, R-Mo., are going to be introducing legislation this week that would completely block U.S. lawmakers and those in the executive branch from being allowed to own any stock while they are in office.
The bipartisan chair is going to bring the legislation forward in the Senate, which would prohibit the ownership of stocks in individual companies, even for those using a blind trust. The law would affect not only U.S. senators, but also the President, Vice President, House representatives, Capitol Hill Aides, and all executive branch employees.
Hawley told Fox News Digital that civil servants and politicians should not be attempting to make a profit while hurting the American people. Still, this is what many people are doing. Hawley added that the bill they are introducing was completely commonsense and it would ban all elected officials from either holding or trading stocks they might have.
Gillibrand in her statement to the Wall Street Journal revealed that it was important for the American people to believe that their elected leaders were prioritizing them.
Hawley has made multiple attempts to stop insider trading in Congress, as he has claimed that the practice had allowed many lawmakers to enrich themselves while they are supposed to be spending their time best serving their constituents.
In January he had put forward a similar bill claiming that both Congress members and their spouses should not be getting rich because of their position by exploiting the stock market. These bills have in large part been a result of the recent reports that former Speaker Nancy Pelosi’s husband had traded stocks for semiconductors only days before Congress decided to provide $52 million to fund the industry.
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