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Good Governance

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

Jul 10, 2024
Good Governance
Press

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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