The legislation would prohibit lawmakers, senior executive branch officials and their spouses from owning stocks, even in blind trust. It would also establish disclosure requirements.The Wall Street Journal was the first to report the legislation introduced by Gillibrand and Hawley.
“Politicians and civil servants shouldn’t spend their time day-trading and trying to make a profit at the expense of the American public, but that’s exactly what so many are doing,” Hawley said in a statement. “It is critical that the American people know that their elected leaders are putting the public first – not looking for ways to line their own pockets,” Gillibrand said in a statement.
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