John,
Earlier this year, we asked you to join our movement in demanding a ban on all congressional stock trading.
Over 3,980 of you signed our petition and agreed with Pramilia that politicians should be serving their constituents, not their own wallets.
Now, Pramila has introduced bipartisan legislation to finally put an end to individual stock trading by members of Congress and their spouses.
The pressure is working, John — but we have to make sure we’re not slowing down.
Right now, members of Congress can still buy, trade, and sell stocks — literally profiting off of confidential, insider knowledge.
Members of Congress shouldn’t be able to use their positions to enrich themselves instead of delivering for their constituents. It’s corruption, and it’s unacceptable.
The Bipartisan Ban on Congressional Stock Ownership Act goes beyond other proposals, like the TRUST Act, to ban stock trading in many ways:
Bans Members of Congress and their spouses from owning and trading individual stocks, bonds, commodities, futures, and other securities including an interest in a hedge fund, a derivative, an option or other complex investment vehicle.
Establishes a civil penalty of up to $50,000 for each violation to be enforced by the Department of Justice and the U.S. Office of Special Counsel.
Voters are looking to progressive leaders like Pramila to give them a reason to trust in our government and democracy again. That’s why we need to enact strict rules on stock trading and ensure that members of Congress aren’t profiting at the expense of the American people.
Thank you,
Team Jayapal
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