“Perhaps this means some of our colleagues will miss out on lucrative investment opportunities,” said House members in a bipartisan letter. “We don’t care.”
A bipartisan group of U.S. lawmakers on Monday urged the top Democrat and Republican in the House of Representatives to “swiftly bring legislation to prohibit members of Congress from owning or trading stock” to the floor.
The call came in a letter to House Speaker Nancy Pelosi (D-Calif.)—who has faced criticism for defending her husband’s trades and existing rules—and Minority Leader Kevin McCarthy (R-Calif.), who is reportedly considering enacting a ban on lawmakers trading if the GOP wins control of the chamber in this year’s midterms. Continue reading