Congress trade ban received a little probative trumpet-Pelosi

It is seldom to find areas of the agreement between the President Donald Trump and former house speaker Nancy Pelosi. But they both support the congress account that will prohibit members of the Congress and their households from trading shares.

Legislation, which has cleaned its committee in the end of July, has broad bipartic support and will help in the root of public corruption during the return of Americans’ Confidence in Congress.

Common sense would suggest that Congress should not actively trade stocks and bonds while holding a function. And 86% surveyed in 2023. The year under the University of Maryland was affected by the trading of congressional shares, with republicans and democrats that show almost identical level of support.

Vault Secretary Scott Bessent Emphasized in the interview in August 14, the credibility of the house and the Senate is when members of the individual inventory. He pointed out “yields about the members” Some members earned, noted that “every hedge fund would be jealous of them.”

What Fed does it now have to do after Epiphany Jackson Hole Epiphani

From the perspective of the cash register official, this question goes beyond ethics. This touches the integrity of our financial system.

Markets rely on trust, transparency and field playing field. When members of congress trade shares with access to information or influence that ordinary investors do not have, undermine public confidence and in government and economy.

Treasury leadership is interested in ensuring that politics make sure the public is good, not generating personal profits, because the credibility of the United States as a financial manager depends on it.

Beside President Trump and PelosiThere are several other unlikely to support the ban in Congress. They include liberals like a tail. Alexandria Ocasio-Cortez, DN.I. and sen. Ron Viden, D-routes. And conservatives like a tail. Chip Roy, R-Texas and Saint. Josh Hawley, R-Mo. Significance, and Mike Johnson, R-La, President of the house and Hakeem Jeffries, dn.i., Minority leader, support the ban.

Did the tariffs of President Trump actually work?

Support for Pelosi for legislation is noticeably given the well-documented history of their families with shares. Last year, her husband, Paul, made headlines by selling Visa worth $ 500,000 and a million dollars from just a few weeks before the Department of Justice made a civilian antitrust suit against the company. The transaction has led to speculation that Paul Pelosi may have rolled his wife or contacts in Biden administration, about the probability of filing a visa.

Only six weeks before the presidential election, the monopoly visa application is understood by simple fact: the network faces a robust competition from other debit card companies, as well as newer payment networks, as well as newer payment networks such as Zelle and Venmo. But as the legal proceedings take place, the issue of trading for the actions of Congress remains. And the scope of activities is breath.

Last year, 120 members of Congress have made more than 9,400 shops, according to Capitol stores, a platform accompanied by market trading by American elected officials. The performance of some members suggests that they should move to Wall Street. Top 10 – Six Republicans and four Democrats – All returned greater than 70%, according to another platform, unusual whales. And that was the year when the S & P 500 just returned 25%.

It is destined to be even more trading this year. By 19. August, almost 9,200 trading, including more than 395 million dollars, have passed.

I had to leave California to save the job. There is now a hope

Does this trading affect public policy? It’s hard to know definitely. But a few years ago, New York Times tested the trade in Congress members since 2019. until 2021. years. The work reported that there were 97 senators or representatives “who themselves reported to shares or immediate family assets on shares or other financial resources they serve.”

In one case, Congressman in California discovered that his wife sold Boeing action 5. March 2020. years. It was only one day before the committee who was a member of the issued reports criticizing the company in connection with two fatal demolitions of her jet soup of 737 Max.

It is rare for members of the Congress to be prosecuted for market trade, but not unheard of. In 2019, the Congressman from New York, Chris Collins, resigned after pleading guilty that shared confidential information about the company with his son and lay about it with federal agents. He was sentenced to 26 months in prison (and later pardoned President Trump).

Click here for more fox news

Trade in shares by Members of the CongressAnd the suspicion of activating the provision, contributes to the mistrust of the government. Last year, the PEV survey revealed that only 2% of Americans believe that the Federal Government will do what is right “right” and only 21% said: “Most of the time”. That distrust is unhealthy for democracy in the country, whether you are republican or democratic, and makes it difficult for any foreigners to move their agenda forward.

Prohibition of members of the Congress from Commercial Affairs would help recover confidence in the Federal Government. The ban would also be an opportunity for members to gather in both sides in support of the measure that will benefit from the entire country. That can’t happen enough soon.

Click here to get Fox News app