Bill to prevent lawmakers and their spouses from stock trading at standstill as Pelosi faces backlash
Fox News
A measure to prevent lawmakers and their spouses from stock trading is at a standstill as House Speaker Pelosi faces backlash over recent stock purchases.
Kyle Morris covers politics for Fox News. On Twitter: @RealKyleMorris.
The legislation, according to its text, would prohibit members of Congress and their spouses from "stock trading and ownership." In addition, it states that the elected members and their spouses should not "own an interest in or trade (except as a divestment) any stock, bond, commodity, future, or other form of security, including an interest in a hedge fund, a derivative, option, or other complex investment vehicle."
Since its introduction, the bipartisan measure has been referred to several committees, with the latest action taking place Feb. 24, when it was further referred from the House Agriculture committee to its Subcommittee on Commodity Exchanges, Energy and Credit.