Spanberger Statement on New U.S. Senate Proposal to Ban Congressional Stock Trading

Since June 2020, the Congresswoman Has Led the “TRUST in Congress Act” to Ban Members of Congress, Spouses, & Dependent Children Trading Individual Stocks

WASHINGTON, D.C. — U.S. Representative Abigail Spanberger — the sponsor of the bipartisan TRUST in Congress Act — today released the following statement after a bipartisan group of U.S. Senators unveiled new legislation to ban Members of Congress, their spouses, and their dependent children from trading individual stocks.

“In the early months of the COVID-19 pandemic, Americans across the country were reading headline after headline of Members of Congress profiting off suspiciously timed trades. In the weeks, months, and years since, I’ve spearheaded a bipartisan effort to end lawmakers’ ability to use their positions for personal profit. Support for banning lawmakers from trading individual stocks is now at an all-time high. More than 70 lawmakers from across the ideological spectrum have backed my legislation — and momentum continues to grow.

“I’m encouraged to see this bipartisan momentum move us toward enacting this long overdue, much-needed reform. It’s time for Speaker Johnson to do his part and bring bipartisan legislation before the U.S. House to finally get it done.”

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