Biden refused to endorse a bipartisan plan to ban members of Congress from holding or trading stocks.
During his State of the Union address on Tuesday evening, President Joe Biden declined to endorse a bipartisan plan to ban members of Congress from holding or trading stocks.reported that earlier drafts of Biden’s address included an endorsement of banning members of Congress from trading stocks, but a transcript of the speech reveals it was ultimately cut — mentioning only the Russian stock market.
that Congress and their family members should not be banned from trading stocks because “we’re a free market economy.”that 54 Republicans and Democrats in Congress failed to properly disclose their transactions in accordance with Stop Trading on Congressional Knowledge Act.the market in 2021 with hundreds of millions of dollars in stock trades. Those who faired the best were Reps. Austin Scott , Brian Mast , French Hill , John Curtis , Dan Crenshaw , and Nancy Pelosi .
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