Nancy Pelosi, the speaker of the House of Representatives, said Democrats were expected to reach a consensus on limiting stock trading by members of Congress and called for new rules for federal judges, as bipartisan support for the proposals was being sought.
Supporters say it marks the first practical restrictions on the practice in more than a decade. A copy of the text shows that the bipartisan bill will be released next week. The bill gives lawmakers and their families 180 days from the date the bill takes effect to sell their personal shares, including those placed in a blind trust. The proposal also states that prospective new lawmakers have 90 days to sell their shares after taking the oath of office. Meanwhile, lawmakers who do not comply with the bipartisan bill in the United States will face a fine equivalent to 10% of the investment value.
The stock trading ban has won the support of US lawmakers
2025-08-30 00:22:45
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