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Prohibition on the purchase and sale of shares and options by Congress members continues to heat up with a new proposed bill and several remarkable figures, including President Donald Trump, Support for the effort.
Speaker Mike Johnson (R-LA.) Also in favor of a ban according to recent comments.
What happened: Seni. Josh Hooley (R-Mo.) Introduced the prevention of the elected leaders from owning the Securities and Investment Act or the Pelosi Law on the basis of the first letter of each of the main words. The name strives for the Congressman and the former House speaker Nancy Pelosi (D-Caliph.).
Pelosi, whose husband is an honoring troop of shares and risk capital, probably does not support the bill that would limit her husband’s transactions while in service.
Trend: The $ 60,000 folding home manufacturer has 3 factory buildings, built 600+ houses and large housing plans – you can become an investor for $ 0.80 per share today.
A person who shows support for the bill is Johnson, who has not bought and sold shares according to the Government Government’s page.
“I’m about it,” Johnson told reporters recently. “I don’t think we should have any impracticality.”
Johnson acknowledged that the counterargument of the ban was that the salaries of congressional members are not up to date with inflation, and if this trend continues, there may be less skilled people who run for Congress.
The speaker stated that the activity of trade in shares by members of the congress was ruined by “several bad participants”.
“I think it was abused in the past.”
Johnson said he had zero tolerance for “everything resembling internal trade”.
President Trump also recently stated that he would support such a ban and that he would sign a bill if he was adopted by Congress
“Well, I watched Nancy Pelosi rich through internal information and I would deal with it. If they send it to me, I would do it,” Trump told Time.
See also: Nancy Pelosi invests $ 5 million in AI company last year, how you can invest in multiple startups before IPO AI with only $ 1,000.
Why is it important: Hooley said the bill would help “restore Americans’ confidence in our country’s legislature.”
“Congress members must fight for the people who are elected to serve – not trade a day at the expense of their constituents,” Holey said. “Americans have seen a politician after a politician is making a profit using information that is not available to the general public.”
With continued debate about potential conflicts of interest in congress trade, representative Roan (D-Calif.) Earlier, he told gas that he would continue to vote in the congress to ban practice.
“We have to vote for it,” Hannah told gas.
Hannah said that despite his ongoing speeches in the House, which advocated a ban on stock trading, there is a “collective shoulder” in the congress on the matter.
Currently, Congress members are allowed to buy and sell shares and options as long as they correctly disclose transactions within 45 days.
Numerous transactions have been marked by gas and other retail outlets that indicate potential conflicts of interest during trade.
While Pelosi makes titles for his deals, it’s important to remember that Both republican and democratic members of the congress have earned the purchase and sale of shares and options while in service. Some transactions have doubtful time or are connected to the committees they serve.
The analysis of the recent commercial activity emphasizes the members of the congress with the largest number of transactions and the largest volumes in dollars -those most active in trade in shares.
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Thomas Keane Jr.Representative (RN.J.)
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Josh GotteimerRepresentative (DN.J.)
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Julie JohnsonRepresentative (D-Texas)
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Markwayne Mullin, Senator (R-Ookla.)
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Tommy TubervilleSenator (R-ALA.)
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Marjorie Taylor Green, Representative (R-GA.)
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Nancy Pelosi, Representative (D-Kalif)
There are also the best return traders in 2024, tracked by unusual ones.
Here’s a look at the top 10 for 2024:
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David Ruzer (Rn.c.), representative, +149.0%
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Debie Schultz (D-FLA.), Representative, +142.3%
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Ron Wayden (D-ORE.), Senator, +123.8%
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Roger Williams (R-Texas), representative, +111.2%
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Morgan McGari (D-KY.), Representative, +105.8%
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Larry Bukshon (R-AD.), Representative, +98.6%
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Pete sessions (R-Texas), representative, +77.5%
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Susan Collins (R-Maine), Senator, +77.5%
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David Custoff (R-Tenn.), Representative, +71.5%
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Nancy Pelosi (D-Kalif.), Representative, +70.9%
Several of these figures have appeared in past lists. Ruzer was ranked fourth in the report in 2023 and seventh in the 2021 report. Schultz is ranked second in the 2022 report. Widen ranked sixth in the 2023 -place -class sessions. Report 2021.
The ban on trade in congress will be completed by a long -standing call from retail investors and tracking sites. This may also mean the end of the ETF that track the congress commercial activity, such as Unusual whales subversive democratic trade etf (Bats: nanc) and Unusual whales subversive republican trade etf (Bats: gop).
The Holei bill does not mention cryptocurrency as Bitcoin (Crypto: BTC), with several congressional members who have been buying bitcoin and Bitcoin ETF in the last year, as the United States seems to establish a strategic reserve for Bitcoin.
The Pelosi Act is unlikely to cross Congress this year. In the prediction market PolymarketThere is only a 14% probability trade in congress shares to be Banned in 2025 of Kalshi, the odds are currently indicated at 11%.
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This article spokesman Johnson supports the ban on stock trading in Congress: ruined by “several bad actors”, originally appeared on Benzinga.com
