WASHINGTON—A group of members of the U.S. House of Representatives has launched a fresh effort to ban the trading of stocks in companies by members of Congress.
The “Restore Trust in Congress Act“ is a bipartisan bill sponsored by Rep. Chip Roy (R-Texas), with co-sponsorship from Rep. Seth Magaziner (D-R.I.), that seeks to ban members of Congress, their spouses, dependent children, and trustees from buying and selling individual stocks, securities, commodities, or option/futures contracts. If passed, would require present members to divest from such instruments.
