The Insider reports:
Sen. Elizabeth Warren plans to introduce legislation during this congressional session that would bar members of Congress and other top government officials from buying and selling individual stocks, she told Insider.
“It is a no-brainer,” said Warren, a Massachusetts Democrat. “Every senator, member of Congress, president, Cabinet secretary, federal judge, and other senior officials in charge of writing the rules for our financial system should not be able to own or trade individual stocks.”
Members of Congress routinely trade stocks, buying and selling the shares of companies that often have significant business before the federal government — and that sometimes spend lots of money to lobby lawmakers.
Read the full article.
— Jeff Stein (@JStein_WaPo) May 24, 2021