August 21, 2018

Axios: Elizabeth Warren wants to bar Congress from owning individual stock

Senator Elizabeth Warren (D-Mass.) introduced a sweeping anti-corruption bill Tuesday that would impose a lifetime ban on lobbying for presidents and federal lawmakers, restrict elected officials from owning individual stock, and limit lobbying on behalf of foreign governments.

Why it matters: Warren's Anti-Corruption and Public Integrity Act has a slim chance of passing, but it does shine a light on the questionable financial practices of several government officials, from Capitol Hill to the White House — just in time for the November midterm elections and 2020 presidential buzz.

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Timing: The bill is Warren's latest effort to curb what she sees as corrupt influence campaigns within the U.S. government. Last week, Warren unveiled a different plan — the Accountable Capitalism Act — aimed at ratcheting up corporate governance.

Read the full story on the Axios website here.

By:  Alayna Treene
Source: Axios