A new law that may have bipartisan support would prevent lawmakers from buying individual stocks after some have gotten rich amid ethically questionable purchases.
The proposed bill comes after reports that some lawmakers, such as House Speaker Nancy Pelosi, D-Calif., have made millions through her husband’s trading of stocks, including stocks that benefited from government help.
Supporters argue the law would prevent corruption and backdoor dealings from lawmakers.
“We are a free market economy,” Pelosi told reporters in December. “They should be able to participate in that.”
A recent poll, though, found that voters disagree. A poll from Convention of States Action first reported by The Hill found that about 75% of Americans believe lawmakers should not be able to trade stocks whlie in office.
“In an era of hyper-partisanship, voters in all parties agree that members of Congress should not be enriching themselves using ‘insider information’ while serving the people,” said Mark Meckler, the group’s president. “This issue has received a lot of attention, and this data verifies the American people want this practice to end once and for all.”
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