House Speaker Nancy Pelosi announced that a bill aiming to restrict lawmakers from buying and selling stocks will be put to a vote in the House this month. This follows months of discussion about the need to regulate the financial activities of members of Congress to avoid conflicts of interest.
The announcement comes after a New York Times analysis revealed that between 2019 and 2021, numerous representatives and senators, or their family members, engaged in stock trades that could be linked to their committee assignments. While Pelosi described the upcoming legislation as "very strong," details remain scarce.
Despite Pelosi's earlier support for such legislation, progress has been slow. Several bills with varying approaches have been proposed in both the House and the Senate, some with bipartisan support. Representative Abigail Spanberger, a key sponsor of a bipartisan bill, expressed frustration over the delays, emphasizing the urgent need for action.