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Gyllene calls for a ban on politicians trading shares

Rope. Jared Golden (D-Maine) led a two-part letter urging House Speaker Mike Johnson (R-La.) and House Democratic Leader Hakeem Jeffries (DN.Y.) to vote on legislation aimed at banning members of Congress and other politicians from trading or holding shares while in office.

(RELATED: Congressional Corruption: Pelosi Profits From Shady Nvidia Stock Trading …)

“Members of Congress should be working for their constituents, not using their positions to line their own pockets. I led a bipartisan group of 20 lawmakers today calling for a vote on a congressional ban on stock trading,” Rep. Golden said at X.

Golden, along with Rep. Brian Fitzpatrick (R-Penn.) wrote mail on behalf of a 20 representative bipartisan coalition, highlighting suspicious dealings among members of Congress.

(RELATED: Golden Dodges Biden’s ‘Senior Moments’ But Says Trump Will Win…)

The letter pointed to numerous members of Congress violating laws against using non-public information to make stock deals, and pointed to 97 members between 2019-2021 who have traded in companies directly affected by their committee assignments.

Rope. Nancy Pelosi (D-Calif.) has long been known for her huge stock gains and high volume trades, including massive gains on Nvidia calls bought in December 2023.

The letter claimed that the vast majority of Americans, 86 percent, support a ban on congressional stock trading.

Supporters of the ban believe it would work to restore Americans’ trust in Congress.

“It’s been nearly two years since House leadership committed to holding a vote on a bill to reform the stock trading practices of members of Congress. In a hyper-partisan political environment where the American approval rating of Congress is at an all-time low, this is common sense and bipartisan change, making it crystal clear that we are coming to Washington to serve our constituents, not to serve our own financial interests,” the letter said.

Golden’s letter, sent out Tuesday, came a day before a group of four senators, Jon Ossoff (D-Ga.), Gary Peters (D-Mich.), Josh Hawley (R-Mo.) and Jeff Merkley (D -Ore.) agreed to introduce a bill that would bar members of Congress, their immediate families, and the president and vice president from trading stocks.

However, that measure would not take effect until 2027.

Interestingly, one of the senators involved in that push, Senator Peters traded stocks worth millions of dollars, with his last trade from May.

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