WASHINGTON, D.C. — A group of bipartisan lawmakers has introduced a landmark bill aiming to prohibit members of Congress from trading stocks, an effort they say will restore integrity and trust in government. The announcement came during a high-profile press event that underscored the unusual collaboration between Republicans and Democrats on a shared issue.
A Rare Show of Bipartisanship
At the event, several lawmakers emphasized that the bill represents a rare moment of unity in Washington. “When the American people ask why Congress can’t come together on anything, here you see left and right standing together for the same cause,” said one lawmaker. “This is one of those moments when both Congress and the American people can win.”
Lawmakers stressed that public service is about giving, not personal gain. They praised colleagues for their courage and persistence in advancing the bill, highlighting the extensive work it took to coordinate across party lines.
The Need for Reform
Supporters argue that a small minority of Congress members have profited from insider trading, often outperforming major trading firms by as much as 60 percent. “This isn’t a Republican or Democrat issue,” one lawmaker said. “Members of Congress trading on insider information undermines public trust and the integrity of government.”
The legislation builds upon previous efforts like the STOCK Act and expands restrictions to cover spouses and dependent children, ensuring that family members cannot circumvent the rules.
Bipartisan Effort and Legislative Process
The bill is backed by members from both parties and aims to move through the House via regular order. However, if progress stalls, lawmakers are prepared to pursue a discharge petition to ensure the legislation reaches the floor for a vote.
“This is not about politics; it’s about integrity,” one Democrat explained. “We need legislation strong enough to end corrupt practices while earning enough support to pass.”
Addressing Concerns
Some critics argue that prohibiting stock trading could discourage qualified individuals from running for Congress. Lawmakers counter that public service requires sacrifices and that financial incentives should never be the primary motivation for serving. “If someone is primarily incentivized by their financial benefit, they’re the wrong person for Congress,” one speaker said.
Supporters also emphasized that the bill could serve as a model for other branches of government, though the immediate focus is on Article I, which governs Congress.
A Step Toward Restoring Trust
Proponents see the bill as a critical step to restore faith in government institutions. By preventing members of Congress from personally profiting from stock trades, lawmakers hope to demonstrate accountability, reduce corruption, and rebuild public trust.
“This is about giving back to the American people,” a supporter stated. “It’s about making sure those of us up here fighting for you are actually delivering results.”