Proposed Legislation Aims to Prohibit Stock Trading for Congress Members and Their Spouses
FOX Business host Charles Payne exposes how members of Congress are getting filthy rich on Making Money.
A leading House Republican is taking significant steps to address ethics concerns surrounding lawmakers’ investment portfolios. A new bill is being introduced that aims to ban stock trading by members of Congress, as well as their spouses and dependent children.
According to a draft reviewed by FOX Business, this legislation would impose strict restrictions on lawmakers, preventing them and their immediate family members from buying stocks or similar securities while they are serving in Congress. This move is part of a broader effort to enhance transparency and accountability in government.
In addition to the trading ban, the proposed bill includes a requirement for lawmakers to publicly disclose any stock sales covered by the law. This disclosure must occur at least seven days and no more than 14 days prior to the sale. The disclosure will detail the number of shares being sold and the projected date of the transaction. If a member of Congress decides not to proceed with the sale, they are required to withdraw the disclosure.
American flags on the floor at the New York Stock Exchange in New York, on Aug. 18, 2025. (Michael Nagle/Bloomberg via Getty Images / Getty Images)
This significant legislation is being spearheaded by House Administration Committee Chairman Bryan Steil, R-Wis. As the political landscape evolves, this bill represents a crucial step toward fostering greater integrity within Congress.
This is a developing story. Please check back for updates.
FOX Business host Charles Payne exposes how members of Congress are getting filthy rich on Making Money.
A leading House Republican is taking significant steps to address ethics concerns surrounding lawmakers’ investment portfolios. A new bill is being introduced that aims to ban stock trading by members of Congress, as well as their spouses and dependent children.
According to a draft reviewed by FOX Business, this legislation would impose strict restrictions on lawmakers, preventing them and their immediate family members from buying stocks or similar securities while they are serving in Congress. This move is part of a broader effort to enhance transparency and accountability in government.
In addition to the trading ban, the proposed bill includes a requirement for lawmakers to publicly disclose any stock sales covered by the law. This disclosure must occur at least seven days and no more than 14 days prior to the sale. The disclosure will detail the number of shares being sold and the projected date of the transaction. If a member of Congress decides not to proceed with the sale, they are required to withdraw the disclosure.
American flags on the floor at the New York Stock Exchange in New York, on Aug. 18, 2025. (Michael Nagle/Bloomberg via Getty Images / Getty Images)
This significant legislation is being spearheaded by House Administration Committee Chairman Bryan Steil, R-Wis. As the political landscape evolves, this bill represents a crucial step toward fostering greater integrity within Congress.
This is a developing story. Please check back for updates.
