Tuesday, 17 Jun 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > Politics > Democrats Break With Leaders Over Congressional Stock Trading
Politics

Democrats Break With Leaders Over Congressional Stock Trading

Enspirers | Editorial Board
Share
Democrats Break With Leaders Over Congressional Stock Trading
SHARE

The bills enjoy broad support — the 42 co-sponsors of Ms. Spanberger’s TRUST in Congress Act include Representatives Matt Gaetz of Florida, Scott Perry of Pennsylvania and Andy Harris of Maryland, all firmly in the Trump wing of their party — and if anything, they are putting Ms. Pelosi in the spotlight.

“You have the speaker of the House out there trading, and her husband making millions and millions of dollars a year,” Mr. Hawley said.

Democrats are just as eager to contrast their position with Ms. Pelosi’s. They said her refusal in December to consider a stock trading ban — “We’re a free-market economy,” she said when asked about the push — made the issue a cause célèbre.

“The speaker, I don’t want to directly call her out, but handfuls of members have put dozens and dozens of years here. They come at this from a different time and a different perspective,” said Ms. Stevens, who has found herself almost certainly facing another Democrat, Andy Levin, in the upcoming House primaries in redistricted Michigan. Both signed on to last week’s letter demanding action on a trading ban.

Democratic leaders remain leery. They argue that once Congress begins trying to regulate its own members out of investments, it is difficult to draw the line between what is permissible and what is not. If stock ownership is forbidden because it could create a conflict with legislating, would having student loan debt make it inappropriate for a member to press for loan relief? Would owning real estate confer an improper personal interest in environmental or land-use policy?

Mr. Roy allowed that there were complexities, but, he said, a line had to be drawn.

“If you’re talking about dirt, well, are you talking about your family farm or are you engaging in thousands of real estate transactions?” he asked. “Are you buying and selling and engaging in commercial real estate transactions development while you’re in Congress? There are limits to what we’re supposed to do.”

Drew Hammill, Ms. Pelosi’s deputy chief of staff, said the speaker had asked Representative Zoe Lofgren, Democrat of California and the chairwoman of the Committee on House Administration, to examine an array of proposals to regulate lawmakers’ trading, including a ban on owning stocks. Ms. Lofgren is also looking at increasing penalties for “unacceptable noncompliance” with the Stop Trading on Congressional Knowledge (STOCK) Act, a 2012 law that mandates that lawmakers disclose their stock trading, a step he said Ms. Pelosi supports.

TAGGED:The Washington Mail
Share This Article
Twitter Email Copy Link Print
Previous Article Memos Show Roots of Trump’s Focus on Jan. 6 and Alternate Electors Memos Show Roots of Trump’s Focus on Jan. 6 and Alternate Electors
Next Article ‘Jeopardy!’ winner Amy Schneider reveals what’s next for her ‘Jeopardy!’ winner Amy Schneider reveals what’s next for her

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Libya protesters storm parliament building

Libyans have taken to the streets on several occasions this yearProtesters have stormed Libya's parliament…

By Enspirers | Editorial Board

Youth mental health is in crisis. Are schools doing enough?

CECILIA, Ky. (AP) — For fourth-grader Leah Rainey, the school day now begins with what…

By Enspirers | Editorial Board

Germany Still Hasn’t Done Enough Against Dirty Money, FATF Says

(Bloomberg) -- Germany still hasn’t done enough to prevent money laundering even after a raft…

By Enspirers | Editorial Board

Ukraine war: Terror of African students in Russian-occupied Kherson

There have been regular protests in Kherson since it was occupied by Russia on 3…

By Enspirers | Editorial Board

You Might Also Like

Trump Orders ICE to Increase Unlawful Immigrant Deportation Efforts
Politics

Trump Orders ICE to Increase Unlawful Immigrant Deportation Efforts

By Enspirers | Editorial Board
Trump Journey Ban, Restrictions Go Into Impact on 19 Nations
Politics

Trump Journey Ban, Restrictions Go Into Impact on 19 Nations

By Enspirers | Editorial Board
Navy Parade in Washington Celebrates Military’s 250th Birthday
Politics

Navy Parade in Washington Celebrates Military’s 250th Birthday

By Enspirers | Editorial Board
Appeals Court docket Restores Trump’s Management of California Nationwide Guard
Politics

Appeals Court docket Restores Trump’s Management of California Nationwide Guard

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?