Bipartisan Bill to Ban Congressional Stock Trading Introduced by Gillibrand and Moody

Gillibrand and Moody introduce a bipartisan bill to ban members of Congress from trading stocks, tighten ethics rules, and rebuild public trust in government.

Senators from opposing parties are working together in hopes of finally banning members of Congress from trading stocks. Democratic Sen. Kirsten Gillibrand of New York and Republican Sen. Ashley Moody of Florida on Thursday introduced a bipartisan bill aimed squarely at ending conflicts of interest and restoring public confidence in Washington.

The proposed congressional stock trading ban would prevent lawmakers and their immediate families from buying or selling individual company stocks while in office. Instead, members would be required to place equities into blind trusts or divest holdings that present potential conflicts. Supporters say the legislation addresses growing concerns about insider knowledge and the appearance of pay-to-play politics.

This congressional ethics reform effort emphasizes transparency and enforcement. The bill includes measures to strengthen reporting requirements and gives independent agencies clearer authority to investigate suspected violations. Penalties for breaking the rules would be increased to deter unethical trading and ensure accountability for members of Congress and staff.

Bipartisan support is central to the bill’s strategy. By joining forces, Sen. Gillibrand and Sen. Moody aim to move beyond partisan gridlock and make a strong case that preventing conflicts of interest is fundamental to good governance. Advocacy groups and many voters have pushed for a congressional stock trading ban after a string of high-profile trading controversies, making ethics reform a priority for constituents across the political spectrum.

If passed, the legislation could reshape how elected officials manage personal wealth and investments while serving. Critics argue about fairness and practicality, saying strict bans could deter qualified candidates or raise constitutional questions. Proponents counter that clear rules and blind trusts protect both officials and the public by removing incentives for self-dealing.

The next steps include committee hearings, amendments, and floor votes where bipartisan backing will be crucial. Observers will watch whether this congressional stock trading ban gains traction in the Senate and the House. For now, the Gillibrand-Moody bill represents a renewed push for ethics reform, accountability, and efforts to rebuild trust between the American public and their elected leaders.

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