Opinion by E.J. Dionne Jr.: We should cheer a new push among mostly younger members of Congress across party lines for a ban on stock trading by representatives and senators.
The basics: All members of Congress, their spouses, and dependents under 18 would be barred “from owning or trading securities, commodities, futures, derivatives, options, or other similar financial assets.” They would have to divest the “prohibited investments within 120 days of the effective date” of a new law and place them in “a Qualified Blind Trust” or “widely held, diversified mutual or exchange-traded funds, or U.S. Treasury bills.
Within the Democratic majority, supporters of the idea include such staunch progressives as Alexandria Ocasio-Cortez of New York and Katie Porter of California as well as moderates such as Abigail Spanberger of Virginia and Jared Golden of Maine. The top two names on the letter were those of Reps. Raja Krishnamoorthi and Brian Fitzpatrick .
When he was elected, Krishnamoorthi said, he and his wife sold “all of our individual securities” and put the money into mutual funds. He wanted to avoid being “caught in a situation where I’d have to be voting on something that would affect the value of those securities,” not to mention the need “to deal with all the disclosure requirements.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
First Came the Exposé. Then Came the ExecutionJeff German was an investigative reporter in Las Vegas for four decades — taking on everyone from casino bosses to powerful politicians to the mob. Then he was stabbed to death outside his home
Weiterlesen »
3 reasons why Bitcoin traders should be bullish on BTCTiming the market bottom is impossible, but several technical and on-chain indicators suggest that it’s time to start accumulating Bitcoin.
Weiterlesen »
Maine politicians protest after lobsters placed on 'red' listA prominent advocacy group has called on consumers to avoid lobster because of major threats to the critically endangered North Atlantic right whale, but Maine politicians are not happy about the guidance.
Weiterlesen »
Utah politician, lawyer told Latter-day Saint bishop not to report abuse, docs showA Utah lawmaker and prominent attorney for the church advised a bishop not to report a confession of child sex abuse to authorities, according to records filed in a lawsuit.
Weiterlesen »
How does high-frequency trading work on decentralized exchanges?High-frequency trading allows cryptocurrency traders to take advantage of market opportunities that are usually unavailable to regular traders.
Weiterlesen »