Bipartisan duo say voters want Congress to stop trading stocks, leaders open to a vote

https://www.npr.org/2022/02/09/ [login to see] /bipartisan-duo-say-voters-want-congress-to-stop-trading-stocks-leaders-open-to-a
Top congressional Democrats are signaling Congress could vote soon on legislation to ban lawmakers from trading individual stocks. The move comes amid pressure from rank and file members from both parties arguing that voters overwhelmingly back the idea.

House Speaker Nancy Pelosi, D-Calif., doesn't personally trade individual stocks — her husband does. She said in December she didn't think a ban was necessary, but has reversed course as members in her caucus have pushed the issue.

"It is a confidence issue and if that's what members want to do then that's what we will do," Pelosi said. At her weekly press conference on Wednesday, she added House committees were working on a proposal and a bill could move "pretty soon."

Senate Majority Leader Chuck Schumer, D-N.Y., also signaled his support for a ban. "I believe this is an important issue that Congress should address and it's something that has clearly raised interest from both sides of the aisle over the last few weeks," Schumer said Wednesday.