December 18, 2020

Politico: Warren re-ups bill to ban stock trading by lawmakers

The Massachusetts Democrat is making her push while two of her colleagues, Republicans David Perdue and Kelly Loeffler, are under fire for their stock trades.

While Georgia’s two Republican senators fend off campaign attacks on their stock trading, their Democratic colleague Elizabeth Warren is re-launching her bill to prevent lawmakers from making individual stock trades.

Georgia Republican Sens. David Perdue and Kelly Loeffler both came under recent fire for buying and selling stocks at moments when they were privy to sensitive information about the companies they invested in. Each is now a candidate in Georgia’s high-stakes January 5 runoff election, the outcome of which could change control of the Senate next year.

Warren’s proposed ban is part of a broader anti-corruption plan she promoted on the presidential campaign trail and is reintroducing with hopes that it can gain traction now that she has returned to the Senate. Warren, who said she would make such reform her first priority as president, proposes many changes to federal ethics law, including creating lifetime bans on lobbying for former members of Congress, expanding federal conflict-of-interest rules and barring lobbyists from fundraising for political candidates. Rep. Pramila Jayapal (D-Wash.) introduced a companion bill in the House.

Read the full article here.

By:  Maggie Severns
Source: Politico