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House Speaker Johnson Supports Ban on Congress Stock Trading
By: cryptosheadlines|2025/05/15 00:15:05
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com House Speaker Mike Johnson said at a Wednesday news conference that he supports a ban on stock trading by members of Congress. The speaker of the House previously avoided taking a stance on the debate, but finally revealed his stance as the ban continues to split sides.JUST IN: House Speaker Mike Johnson supports ban on stock trading by members of Congress.— Watcher.Guru (@WatcherGuru) May 14, 2025“You want me to tell you my honest opinion on that? I’m in favor of that, because I don’t think we should have any appearance of impropriety here,” he said at a Wednesday news conference. He added that members’ ability to trade had been “abused in the past, and I think sadly, a few bad actors discolor it for everyone.”Previous efforts to ban lawmaker stock trading haven’t been successful, but the subject is still heavily debated. For years, congressional stock trading has been an activity that has concerned the general public. With so much potential for insider trading, there has long been bipartisan support for its restriction. However, legislation has never been able to pass through both chambers.Last month, US President Donald Trump confirmed he would sign a bill that would effectively ban stock trading by Congress. “Well, I watched Nancy Pelosi get rich through insider information, and I would be okay with it. If they send that to me, I would do it,” Trump said in an April interview. When asked if he would sign the bill, Trump responded with a succinct “absolutely.”The Preventing Elected Leaders from Owning Securities and Investments Act bears the name of Nancy Pelosi and was reintroduced in April. Indeed, she is one of the strongest examples of elected officials amassing wealth through the US stock market. With support from Mike Johnson, there could be a newly ignited fuel behind the bill that could garner support in the House after years of debate.Source link
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