Sen. Kirstin Gillibrand (D-N.Y.) and Sen. Josh Hawley (R-Mo.) are bringing forward a new bill to block their fellow U.S. lawmakers, senior officials in the executive branch, and their spouses and dependents from owning stocks while in office.
On Wednesday, the two Senators announced they intend to co-sponsor a bipartisan bill, to be named the Ban Stock Trading for Government Officials Act, to heavily regulate investing by members of government.
The act bans buying and selling stocks, including in blind trusts, and raises penalties for violating financial disclosure rules by lawmakers, executive branch officials like the president and vice president, and their family members….}