9 sources·Politics

Biden Endorses Ban on Congressional Stock Trading Amid Bipartisan Support

President Biden publicly supports banning congressional stock trading, addressing ethical concerns over lawmakers profiting from insider information as bipartisan legislation awaits action.

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Updated: Dec 17th, 2024, 10:42 PM ET

Summary

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In a recent interview, President Biden endorsed a ban on stock trading by members of Congress, emphasizing ethical considerations. Bipartisan legislation, the ETHICS Act, proposed in July 2024, seeks to prohibit such trading by lawmakers, their families, and top officials. Biden's remarks come as he faces limited time in office, raising questions about the proposal's future. The ban aims to enhance trust in government amidst allegations of insider trading. Despite growing support, proposed bans have repeatedly stalled in Congress, highlighting ongoing ethical debates surrounding lawmakers' financial activities.

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