Reported 1 day ago
President Joe Biden has endorsed a ban on stock trading by U.S. lawmakers, expressing that those in Congress should not profit from the stock market while serving. This late push coincides with impending congressional recess, making immediate legislative action unlikely. The issue gained prominence amidst past scandals involving lawmakers trading on insider information. Efforts like the TRUST in Congress Act have garnered bipartisan support but remain stalled in Congress, with advocates continuing to push for change.
Source: YAHOO