{"id":2342,"date":"2023-07-20T06:41:41","date_gmt":"2023-07-20T01:11:41","guid":{"rendered":"https:\/\/news.cetoex.com\/?p=2342"},"modified":"2023-07-20T06:41:42","modified_gmt":"2023-07-20T01:11:42","slug":"senators-introduce-bill-to-ban-congress-from-owning-stocks","status":"publish","type":"post","link":"https:\/\/news.cetoex.com\/senators-introduce-bill-to-ban-congress-from-owning-stocks\/","title":{"rendered":"Senators Introduce Bill to Ban Congress From Owning Stocks"},"content":{"rendered":"\n
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Source: Britannica<\/p>\n\n\n\n

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Cetoex News – <\/strong>Senators are introducing a bipartisan ban on owning stocks for executive and legislative branch officeholders and their families, including Congress.<\/p>\n\n\n\n

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    New York Democratic Sen. Kirsten Gillibrand and Missouri Republican Sen. Josh Hawley are\u00a0introducing\u00a0the new bill. The proposed bill includes officeholders\u2019 spouses and children from trading individual company stocks.<\/p>\n\n\n\n

    The legislation also proposes a ban on blind trusts, requires increased filing transparency, and significantly increases penalties for violations. This includes fines of at least 10% of the value of the prohibited investments for members of Congress.<\/p>\n\n\n\n

    \u201cSunlight is the best disinfectant. It is critical that the American people know that their elected leaders are putting the public first \u2013 not looking for ways to line their own pockets,\u201d Gillibrand said in a statement.<\/p>\n\n\n\n

    \"Senators
    Source: Pixabay<\/figcaption><\/figure>\n\n\n\n

    A previous bill that was proposed in the house involved officeholders trading stocks, however, this new proposal by senators builds upon those restrictions by banning members from owning stocks. The ban on trading stocks was not inclusive of spouses and children.<\/p>\n\n\n\n

    Spouses and dependent children under the previous proposal\u00a0can put certain investment assets into a qualified blind trust while the member is in office. But, the Senate\u2019s version would ban that provision.<\/p>\n\n\n\n

    \u201cMy bill with Senator Gillibrand is common sense: ban elected and executive branch officials from trading or holding stocks, and put the American public first,\u201d Senator Hawley says.<\/p>\n\n\n\n

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    Source: Britannica Cetoex News – Senators are introducing a bipartisan ban on owning stocks for executive and legislative branch officeholders and their families, including Congress. New York Democratic Sen. Kirsten… <\/p>\n","protected":false},"author":1,"featured_media":2344,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[988,41,44],"class_list":["post-2342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-ban-congress","tag-cetoex","tag-cetoex-news"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/news.cetoex.com\/wp-content\/uploads\/2023\/07\/US-Capitol-place-meeting-Congress-Washington-DC-800x543.jpeg-1.webp","_links":{"self":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/2342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/comments?post=2342"}],"version-history":[{"count":1,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/2342\/revisions"}],"predecessor-version":[{"id":2345,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/2342\/revisions\/2345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media\/2344"}],"wp:attachment":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media?parent=2342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/categories?post=2342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/tags?post=2342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}