'This crisis of institutional legitimacy requires a swift and comprehensive response,' CREWcrew, Public_Citizen, and others write in a new letter.
"Revelations that members unscrupulously purchased or sold stock in companies at deeply suspicious moments will continue as long as this goes unaddressed."A coalition of watchdog organizations on Tuesday urged Democratic congressional leaders to"expeditiously" bring a ban on lawmaker stock trading up for a vote, warning that a proposal with broad support from the U.S. public is at growing risk of dying as the Senate prepares for August recess and the midterms loom.
"We fear that without your strong leadership and advocacy, this critical good government reform will stall," reads a that 22 groups, including Citizens for Responsibility and Ethics in Washington and Public Citizen, sent to Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi on Tuesday."Each day that passes increases the chance that Congress will not have time to take up and pass this legislation. That must not happen," the letter continues.
"Revelations that members unscrupulously purchased or sold stock in companies at deeply suspicious moments will continue as long as this goes unaddressed," the groups add."And every new story will further erode public trust in our government and undermine Congress’ legitimacy."on compromise legislation that would ban or severely limit individual stock trading by lawmakers and their immediate family members.
The Senate is unlikely to vote on stock trading legislation before adjourning for August recess, given that Democrats areLawmakers in the House, meanwhile, are reportedly planning to release a proposal this month that would prohibit members of Congress as well as their spouses and senior staff from trading stocks.
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