Congress moves to ban members from trading stocks as Pelosi drops opposition


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(Worthy News) – House Speaker Nancy Pelosi and Democratic leaders have greenlighted a plan to craft legislation that would prohibit members of Congress from trading stock, after months of resistance to a ban by Pelosi, CNBC confirmed Wednesday.

At Pelosi’s direction, the House Administration Committee is working on drafting the rules, and the legislation is expected to be put up for a vote this year, likely before the November midterm elections.

In the Senate, several versions of a stock trading ban are under consideration, including one co-authored by progressive Democratic Sen. Elizabeth Warren of Massachusetts and Montana Republican Sen. Steve Daines. [ Source: CNBC (Read More…) ]

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