A new Democratic bill would block lawmakers from buying and selling individual stocks while in office Two Senate Democrats introduced a bill on Wednesday to prevent members of Congress from trad

A new Democratic bill would block lawmakers from buying and selling individual stocks while in office Two Senate Democrats introduced a bill on Wednesday to prevent members of Congress from trading stocks in industries tied to their legislative work. The legislation was prompted in part by the scandal surrounding Rep. Chris Collins, R-N.Y., who was indicted on insider trading charges in August. "There must be more accountability and transparency," Sen. Sherrod Brown, who is considering a run for president, said in a statement.
Sen. Sherrod Brown, D-Ohio, left, and Sen. Jeff Merkley, D-Ore.
Bill Clark | CQ-Roll Call Group | Getty Images
Sen. Sherrod Brown, D-Ohio, left, and Sen. Jeff Merkley, D-Ore.

Two leading Senate Democrats on Thursday introduced a bill intended to prevent members of Congress from trading stocks in industries tied to their legislative work.

The measure would ban members of Congress and senior staff from buying or selling individual stocks while in office. Members would also be barred from serving on any corporate boards.

A release from Oregon Sen. Jeff Merkley and Ohio Sen. Sherrod Brown cites two recent trading scandals, one involving a Republican congressman from New York and another involving former Rep. and one-time Trump administration Health and Human Services Secretary Tom Price, for inspiring the bill.

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Comment by Mark Sanders on December 17, 2018 at 5:07am

I always heard insider trading in Congress was legal. It's certainly common. Other than bribery, how else do we explain so many of these jokers becoming millionaires during their time in office? 

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