GOP Sen. Josh Hawley and Democrats vote to advance congressional stock trading ban

[babylonsister]

GOP Sen. Josh Hawley and Democrats vote to advance congressional stock trading ban
By Alan He,
Updated on: July 30, 2025 / 4:51 PM EDT / CBS News


Washington — Republican Sen. Josh Hawley of Missouri joined Democrats Wednesday to advance legislation that would ban members of Congress from buying, selling or owning individual stocks.

In an 8-7 vote, Hawley and Senate Democrats on the U.S. Senate Committee on Homeland Security and Governmental Affairs voted the legislation out of committee, with all other Republicans on the committee voting against it. It's not yet clear if the legislation, which Hawley introduced, will receive a floor vote in the Republican-controlled Senate.

"I practice what I preach," Hawley said in an awkward exchange with fellow Republicans on the panel. "I don't have individual stocks, I don't trade in stocks. I'm not a billionaire, unlike others on this committee. And what I think is, the American people are sending us a clear message."

Republican Sen. Rick Scott, who was not born wealthy but is now worth hundreds of millions of dollars, according to his public filings, said he agrees lawmakers shouldn't be trading stocks. But he defended the ability for members of Congress to be rich, and called attacks on the wealthy "disgusting."

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https://www.cbsnews.com/news/hawley-democrats-vote-stock-trading-ban-committee/

[C_U_L8R]

1. It's called Public Service, not Self Service

This legislation should be extended to all three branches of government.