White House · Democrats · Axios
What they're saying: "To call this a stock trading ban is disgraceful," Rep
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"Republicans are the singular reason why a REAL ban on congressional stock trading has not become law this year," Justin Chermol, a spokesperson for the Democratic Congressional Campaign Committee said in a statement.
Key facts
- The House voted 232 to 198 in July to pass the Stop Insider Trading Act, which would ban members of Congress and their families from purchasing individual stocks
- Mike Lawler (R-N.Y.), Monica De La Cruz (R-Texas), Mariannette Miller-Meeks (R-Iowa), Juan Ciscomani (R-Ariz.), Rob Wittman (R-Va.), Ryan Mackenzie (R-Pa.)
- House Democrats went into the vote on the Stop Insider Trading Act last month groaning that it was all a big Republican set-up
- House Democrats were handed a chance to ban insider trading in Congress and chose their stock portfolios instead," said Mike Marinella, a spokesperson for the National Republican Congressional
Summary
House Democrats went into the vote on the Stop Insider Trading Act last month groaning that it was all a big Republican set-up. A well-funded Republican group is blanketing the airwaves lauding GOP lawmakers in key swing districts, including some with reputations for prolific stock trading, as champions on the issue. "Corrupt congressmen treat the House floor like a trading floor. Issue advocacy group Choose Freedom Inc. has put a whopping $9 million into running the spots across nearly 20 congressional districts, according to ad tracking firm AdImpact. The House voted 232 to 198 in July to pass the Stop Insider Trading Act, which would ban members of Congress and their families from purchasing individual stocks.