Bill Revived to Ban Legislators From Owning, Trading Stocks

Rep. Angie Craig, D-Minn., on Wednesday announced her intent to revive a bill that would prohibit members of Congress from owning or trading stocks.

“Our constituents sent us to Congress to lower health care costs, fix our roads and bridges and help create good-paying jobs, not play the stock market and line our own pockets. Unfortunately, some of my colleagues have gotten sidetracked by special interests and conflicts of interest,” Craig said in a statement.

The Halt Unchecked Member Benefits with Lobbying Elimination Act (HUMBLE) would impose several restrictions on congressional lawmakers, including a lifetime ban on lobbying, a limit on their ability to serve on corporate boards while in office, a ban on using taxpayer funds to fly first class, and a penalty on legislators’ pay if they fail to elect a House speaker on the first day of a new Congress.

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