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House Dems eye stocktrading ban

3 1
16.04.2025

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Jeffries gives jolt to stalled congressional stock ban push

House Minority Leader Hakeem Jeffries (D-N.Y.) is giving a big boost to the effort to ban members of Congress from trading individual stocks, an idea that has bipartisan backers in Congress and broad support among the public.

© Greg Nash

The deliberate and public push from Jeffries — coming as he accuses Republicans of potential “stock manipulation” given President Trump’s suggestion that it was a “great time to buy” ahead of his tariff pause — is particularly notable given how his predecessor, former Speaker Nancy Pelosi (D-Calif.), bristled at the idea.

But there is a long way to go before any changes to the law.

The push to bar stock trading for members of Congress gained steam in recent years amid reports that lawmakers may have breached laws in place to prevent transactions from being made on insider information, particularly ahead of the COVID-19 pandemic.

Dylan Hedtler-Gaudette, director of government affairs at the watchdog group Project on Government Oversight, noted that it is a rare issue that has united hardline conservatives and progressives.

“You would think it would be a potential winner because of those dynamics, but we just haven’t seen it make it over the finish line,” Hedtler-Gaudette said. But with what “Jeffries said now,” he added, “hopefully we can pull together something that actually happens.”

Read the full report at TheHill.com.

 

Welcome to The Hill’s Business & Economy newsletter, I'm Aris Folley — covering the intersection of Wall Street and Pennsylvania Avenue.

 

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© The Hill