Stock trading ban gains steam but splits Senate GOP

[Yo_Mama_Been_Loggin]

Proposals to ban members of Congress from trading individual stocks are gaining major momentum in the House, but some Republicans in the Senate are raising early red flags, arguing that some of the leading proposals go too far or would be too difficult to implement.

Senate Republicans are also voicing concerns that restricting stock ownership will put the most burden on colleagues with less money and could dissuade otherwise well-qualified candidates from running for office.

There's also a view among GOP senators that Democrats are giving new prominence to a proposed ban on stock trading in a scramble to find promising political issues to run on in the midterm elections after failing to pass key elements of President Biden's agenda.

"Right now I'm not ready to say I'm ready to do that," Sen. Chuck Grassley (Iowa), the most senior member of the Senate Republican Conference, said of proposals to bar lawmakers from trading individual stocks.

https://www.msn.com/en-us/news/politics/stock-trading-ban-gains-steam-but-splits-senate-gop/ar-AATGHn3

[Bettie]

1. If a person is dissuaded from running for office because

they may not be able to profit from insider information, maybe their reasons for running aren't the right ones to begin with.

[onecaliberal]

2. The same fucks who think we should work for 7.50 an hour.

Do they hear themselves?