Search
Search
Congressman Proposes Ban on Congressional Stock Trading

US Congressman Proposes Plan to Ban Congressional Stock Trading

0
0

213 Listen to this article In a noteworthy development, US Congressman Ro Khanna, hailing from California, has unveiled a comprehensive […]

Latest News

Listen to this article

In a noteworthy development, US Congressman Ro Khanna, hailing from California, has unveiled a comprehensive plan aiming to curtail stock trading within the walls of Congress. This proposal, consisting of five key points, encompasses a range of prohibitions and reforms in an effort to enhance transparency and accountability in the legislative branch.

First and foremost, Khanna’s plan advocates for the “ban of all PAC and lobbyist money from congressional campaigns.” This bold move aims to reduce the influence of special interest groups on lawmakers and promote a more impartial decision-making process.

However, the centerpiece of Khanna’s proposal is the outright ban on stock trading by both members of Congress and their spouses. This prohibition aligns with the sentiments expressed by other representatives earlier this year, marking a potential area of bipartisan consensus. Notably, Representatives Alexandria Ocasio-Cortez and Matt Gaetz jointly introduced H.R. 3003, a bipartisan bill that sought to restrict congressional members and their spouses from engaging in stock trading. Khanna’s plan builds upon this momentum, further underlining its significance as a shared concern transcending political boundaries.

Khanna’s proposal doesn’t stop there. It also endeavors to introduce term limits for congressional members, a topic that has gained traction in recent political discourse. Earlier this year, Senator Ted Cruz introduced a constitutional amendment designed to establish term limits for members of Congress. Under his proposal, senators would be limited to serving two two-year terms, while members of the House of Representatives would be restricted to three two-year terms. Khanna’s plan incorporates this concept of term limits, potentially reshaping the landscape of congressional leadership.

Read Also:  Big Shorters Are Betting $6.9B Against MicroStrategy Stocks

Furthermore, the plan extends its reach to the judicial branch, suggesting the implementation of an ethics code for Supreme Court justices. This expansion into the realm of judicial ethics underscores the comprehensive nature of Khanna’s proposal, aiming to foster accountability and integrity across multiple branches of the government.

In a time when concerns about transparency, ethics, and impartiality in government are at the forefront of public discourse, Congressman Khanna’s five-point plan represents a significant step towards addressing these issues and fostering a more accountable and responsive political system.

For the current crypto news follow the Coinography and Subscribe our YouTube channel or follow us on social media platforms like Twitter, Facebook, Instagram and Linkedin.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get Latest Updates

Latest News

Web Stories

Latest News

0
Would love your thoughts, please comment.x
()
x
Scroll to Top
Bitcoin ETFs Surge as Investors Seek Exposure Coinbase, Andreessen Horowitz, and Ripple have joined forces to fund a new crypto DMM Bitcoin Hit by $305M Hack Ripple Releases 1 Billion XRP Tokens What to Expect from Bitcoin’s Price Rally in H2 2024 Trump’s MAGA Coin Soars 7% While Biden Parody Sinks Amid Ex-President’s Trial — NFTs Hold Steady Analyst Warns About Dogecoin Decline CME Denies Solana Futures Plans Amid Growing Rumors Can PEPE flip Polygon? Market cap race heats up! Why Bitcoin Price Is Down Today? Cristiano Ronaldo Launches 4th NFT Collection on Binance Amid $1B Lawsuit Coinbase Alleges SEC Dodging Howey Test in New Appeal Ethereum ETFs Granted Official Approval by SEC Crypto Whale Splurges $10.4 Million on Meme Coin PEPE SOL Price Nearing Support as On-Chain Activity Dips for Solana Penguiana Meme Coin’s Presale Achieves Success, Raising 290 SOL Solana to Bitcoin Bridge, Zeus Network, Set for Debut in Q3 2024 DeFi Lending Leader Aave Unveils V4 Protocol Overhaul MicroStrategy (MSTR) Incurs Losses in Q1 After Digital Asset Impairment Takes Toll Upbit Emerges as Top Five Crypto Exchange, Posing Challenge to Binance, Coinbase