House Minority Leader Kevin McCarthy is considering limiting or prohibiting members of Congress from trading individual stocks while in office if GOP wins the majority in November, a source told FOX Business.
House Minority Leader Kevin McCarthy is considering limiting or prohibiting members offrom trading individual stocks while in elective office if Republicans win the majority in November, a source familiar with the matter told FOX Business.
House Minority Leader Kevin McCarthy talks to reporters at the Capitol in Washington on Sept. 29, 2021. Lawmakers' spouses are allowed to trade in companies or industries that their partner may help regulate. But under the STOCK Act, passed in 2012, it's illegal for members of Congress and their families to profit from inside information and it requires lawmakers to report stock trades to Congress within 45 days. In some recent cases, lawmakers have failed to report their trades altogether.
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