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Cartwright Calls for Legislation to Ban Stock Trading by Members of Congress

Congressman Matt Cartwright (PA-08) was among a group of 27 House colleagues to call on House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy to quickly bring to the floor legislation that would ban members of Congress from owning or trading stock.

Congressman Matt Cartwright (PA-08) was among a group of 27 House colleagues to call on House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy to quickly bring to the floor legislation that would ban members of Congress from owning or trading stock.

Joining Cartwright to push for a vote on the stock trading ban for members of Congress were Representatives Jared Golden (ME-02), Brian Fitzpatrick (PA-01), Rashida Tlaib (MI-13), Matt Gaetz (FL-01) , Mark Pocan (WI-02), Tom Malinowski (NJ-07), Susan Wild (PA-07), Conor Lamb (PA-17), Katie Porter (CA-45, Pramila Jayapal (WA-07), Chuy GarcĂ­a (IL-04) , Mary Gay Scanlon (PA-05), Abigail Spanberger (VA-07), Angie Craig (MN-02), Kathleen Rice (NY-04) , Andy Levin (MI-09), Bill Foster (IL-11), Tom O'Halleran (AZ-01), Joe Neguse (CO-02), Dean Phillips (MN-03), Tim Ryan (OH-13) , Greg Stanton (AZ-09), Andy Kim (NJ-03) , Melanie Stansbury (NM-01), Ritchie Torres (NY-15), and Haley Stevens (MI-11).

In their letter, the bipartisan group urged House leadership to bring the Ban Conflicted Trading Act, the TRUST in Congress Act, or similar legislation to the floor as swiftly as possible. 

The bipartisan Ban Conflicted Trading Act, introduced by Congressman Raja Krishnamoorthi (D-IL), would ban members of Congress and certain staff from:

  • Holding or trading individual stocks, except through a blind trust
  • Holding seats as a member or an officer for any for-profit boards.

The bipartisan TRUST in Congress Act, introduced by Congresswomen Abigail Spanberger (D-VA), would ban members of Congress from trading individual stocks and require members of Congress, their spouses, and their dependent children to:

  • Place any individual stocks in a blind trust
  • Only end that blind trust requirement 180 days after the end of their tenure as a member of Congress.

You can read their entire letter here.