U.S. House Democrats eye ban on stock trading in Congress -Punchbowl

[February 09, 2022]  WASHINGTON (Reuters) -U.S. House Democrats are seeking to ban members of Congress and other top congressional staff from trading stocks by year's end, the Punchbowl news outlet reported on Wednesday, citing sources involved in the discussions.

House Administration Committee chairwoman Representative Zoe Lofgren is compiling recommendations, with House Speaker Nancy Pelosi and other top House Democratic leaders having the final say on how and when to proceed, it reported.

Representatives for Pelosi and Lofgren could not be immediately reached for comment on the report.

U.S. lawmakers' trading of individual stocks, including Pelosi's, has come under increasing scrutiny, in part as social media users pay growing attention to their investments.

Some individual lawmaker's investments have also raised questions over possible conflicts of interest given that Congress' oversight duties can allow it to get information ahead of the public.

(Reporting by Susan Heavey; editing by Jason Neely and Andrew Heavens)

 

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