The US Senate is set to vote on legislation that would prohibit members of Congress and their immediate families from buying and selling stocks. The proposed ban aims to address concerns regarding potential conflicts of interest and insider trading among federal lawmakers.
Under the current proposal, sitting members and their families would be barred from executing new trades but would not be required to divest existing stock holdings. This exemption allows lawmakers to retain previously acquired assets while preventing future market activity during their tenure.
US Senate to Vote on Bill Banning Congressional Stock Trading
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