Democrats To Introduce Stock Trading Discharge Petition

Rep. Seth Magaziner, D-R.I. said House Democratic leadership will introduce a discharge petition next month to force a vote on a bill that would ban stock trading by members of Congress, the vice president, the president, and their immediate families, the Hill reported.

Magaziner and Rep. Chip Roy, R-Texas, had previously proposed the Restore Trust in Congress Act that would have prohibited only lawmakers, their spouses, dependent children, and trustees from owning, buying, or selling individual stocks.

Democrats had criticized the bill, because it did not apply to the executive branch, The Hill reported.

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