Story perspectives

New Bill Aims to Ban Congressional Stock Trading

5/15/2025

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Summary

Story summary

Rep. Mark Alford is set to unveil a groundbreaking bill that would ban congressional stock trading, echoing Sen. Josh Hawley's "PELOSI Act." This legislation aims to prevent lawmakers and their spouses from trading individual stocks, permitting only diversified investments. Those who violate the rules could face hefty fines and the forfeiture of profits, with bipartisan support from leaders like House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries.

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Story summary

Rep. Mark Alford is set to unveil a groundbreaking bill that would ban congressional stock trading, echoing Sen. Josh Hawley's "PELOSI Act." This legislation aims to prevent lawmakers and their spouses from trading individual stocks, permitting only diversified investments. Those who violate the rules could face hefty fines and the forfeiture of profits, with bipartisan support from leaders like House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries.