Top government officials, Warren said, "are there to serve the people, not their personal financial interests." But Collins served time for only a few weeks before President Donald Trump pardoned him in December. Chris Collins, a New York Republican, went to federal prison last year after pleading guilty to insider-trading charges. David Perdue and Kelly Loeffler, both Republicans of Georgia.
Tom Malinowski, a New Jersey Democrat and former Sens. Richard Burr, a North Carolina Republican Rep. Numerous members of Congress have come under scrutiny for their stock trades in recent months. What's different now is that Democrats control the Senate, and Warren, who sits on the Finance Committee, has greater leverage to push the bill forward. Pramila Jayapal, a Washington Democrat, sponsored companion legislation in the House last year.īoth Warren bills died in the then-Republican-controlled Senate Finance Committee.
The legislation would be based on the Anti-Corruption and Public Integrity Act, which Warren introduced in 2018 and reintroduced in 2020, both times without Senate cosponsors. "Every senator, member of Congress, president, Cabinet secretary, federal judge, and other senior officials in charge of writing the rules for our financial system should not be able to own or trade individual stocks." "It is a no-brainer," said Warren, a Massachusetts Democrat.
Elizabeth Warren plans to introduce legislation during this congressional session that would bar members of Congress and other top government officials from buying and selling individual stocks, she told Insider. Elizabeth Warren plans to introduce a new bill to bar members of Congress and other top federal officials from trading individual stocks.Įlizabeth Warren to target congressional stock trades
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