The right wing Washington Examiner reports:
House Minority Leader Kevin McCarthy is reportedly considering ways to limit or ban members of Congress from holding and trading stocks if Republicans win a majority in November’s elections.
The report comes amid renewed debate over whether lawmakers should be permitted to trade stocks, when they can receive policy information before it becomes public knowledge that could affect the markets. McCarthy’s proposal could draw bipartisan support, since lawmakers of both parties have come under scrutiny for their stock transactions.
McCarthy, a California Republican, told Punchbowl News that a proposal for how to go about such limitations or bans is still in its early stages, and he hasn’t yet decided what kind of limitations they would place on stock trades or holdings.
Read the full article. Yesterday McCarthy also told Breitbart that if he becomes Speaker, he will strip committee assignments from Dem reps Ilhan Omar, Adam Schiff, and Eric Swalwell.
.@GOPLeader, a California Republican, said a proposal for how to go about such limitations or bans is still in its early stages.
McCarthy added that he hasn’t yet decided what kind of limitations they would place on stock trades or holdings.
— Washington Examiner (@dcexaminer) January 11, 2022