Senate Committee Advances Bill to Ban Congressional Stock Trading

Bipartisan support propels ETHICS Act forward, aiming to curb financial conflicts of interest among lawmakers.

The ETHICS Act prohibits members of Congress, their spouses, and dependents from trading stocks.
The bill passed the Senate Homeland Security & Governmental Affairs Committee with an 8-4 vote.
Supporters argue the bill will restore public trust in Congress by preventing insider trading.
The legislation faces challenges in securing a full Senate vote before the November elections.
If enacted, the ban would take full effect in 2027, with penalties for violations.