A bipartisan group of lawmakers has introduced a new piece of legislation aimed at preventing members of Congress and their spouses from trading individual stocks while in office.
The bill, introduced in both the House and Senate, is designed to reduce the appearance of impropriety and restore public trust in government.
The proposed legislation would prohibit lawmakers and their spouses from buying, selling, or holding individual stocks during their time in office.
Instead, they would be limited to investing in diversified mutual funds, exchange-traded funds (ETFs), or U.S. Treasury bonds — financial instruments considered less likely to present conflicts of interest.
