Democrats Unveil Bill to Restrict Trading by Lawmakers, Presidents
(Bloomberg) -- A House proposal to restrict stock ownership and trading by members of Congress, the president and vice president, Supreme Court justices and other high-ranking government officials is mired in Democratic in-fighting, threatening supporters’ hopes for a pre-election victory.
The bill’s sponsors planned to introduce the legislation on Wednesday, but multiple House officials familiar with Democrats’ discussions said any floor action on the bill almost certainly is shelved, at least for now. Lawmakers are scheduled to leave Washington this week until after the November election.
A spokesperson for Majority Leader Steny Hoyer said late Tuesday that more details on the stock trading bill would be released as they become available.
Other officials, who did not want to be identified in discussing private conversations, described deep divisions among top party leaders over details of the bill, which was not released until late Tuesday night. Democrats in competitive races, meanwhile, oppose parts of the legislation and don’t want to take a politically difficult vote just weeks before the election, the officials said. A group of senators is drafting their own legislation, but it hasn’t been unveiled and the Senate doesn’t have any immediate plans to take up the bill.
https://www.msn.com/en-us/news/politics/democrats-unveil-bill-to-restrict-trading-by-lawmakers-presidents/ar-AA12kwh6
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