Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Democrat, Republican join forces to ban members of Congress from trading stocks while on taxpayers’ dime

by April 21, 2023
April 21, 2023
Democrat, Republican join forces to ban members of Congress from trading stocks while on taxpayers’ dime

EXCLUSIVE: Two lawmakers from opposite sides of the aisle are joining forces on a bill that would ban members of Congress from trading stocks while working on the American taxpayers’ dime.

The bill, officially called the Prohibition of Financial Trading on Government Property Act, was introduced Thursday by Reps. Nancy Mace, R-S.C., and Angie Craig, D-Minn., and would prevent certain federal employees, including elected officials, from engaging in financial trading activities while on federal property or using government resources.

‘Federal government employees should be working on behalf of the people, not using time at work to trade stocks. The American people expect members of Congress and our staff to get things done when we are on taxpayer time,’ Mace told Fox News Digital ahead of the bill being introduced.

‘Banning stock trading on government land and in federal office buildings, much like we’ve done with gambling and soliciting campaign donations, will make sure the government is working when we’re on your dime,’ she added.

Craig told Fox that stock trading should be treated no different from gambling or soliciting for campaign donations on federal property.

‘The American people deserve to know that their representatives and their staff are focused on their official duties, and my bipartisan legislation with Rep. Mace will help give our constituents that peace of mind,’ she said.

Gambling on federal government property is currently prohibited, including use of mobile betting apps. Anyone attempting to use those apps faces a geofence on their device and become physically unable to use them until outside the boundary.

Financial trading apps, such as Robinhood, E-Trade and Coinbase, do not have the same restrictions and can be used at will. 

Mace’s office pointed out that there are also currently no restrictions preventing government employees or elected officials from communicating with someone who engages in financial markets on their behalf while on government property.

The bill would, however, provide exceptions for those authorized to engage in financial trading activities as part of their official duties, or who have been given prior written approval from their agency head. Other exceptions would be trading on postal service facilities and in national parks.

Other lawmakers have called for stricter rules on financial trading, including the banning of members of Congress from being able to trade stocks all together.

Brandon Gillespie is an associate editor at Fox News. Follow him on Twitter at @brandon_cg.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Half of Democratic voters in key early primary state don’t want Biden to run for re-election: poll
next post
Hawley says ‘the great awokening’ is destroying middle class, GOP not ready to fight back

You may also like

Biden builds taxpayer-funded wall around Delaware beach house...

January 10, 2023

‘Rules for thee’: Senate DOGE leader seeks crackdown...

April 14, 2025

Obama denies Trump’s ‘bizarre allegations’ that he was...

July 22, 2025

Andrew Cuomo blasts far left Dems for being...

April 16, 2023

House aims to vote on short-term funding bill...

November 7, 2023

Trump files emergency petition to Supreme Court to...

January 8, 2025

President Trump takes on ‘Big Pharma’ by signing...

May 12, 2025

White House says Trump’s tariffs will destroy manufacturing,...

June 15, 2024

Would the US win a war with China...

November 21, 2024

Biden speech delayed until after primetime

August 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Jeremy Hunt: ‘We’re over-medicalising anxiety and depression with sick notes’

      August 2, 2025
    • Cambodia to nominate Trump for Nobel Peace Prize for role in ending country’s conflict with Thailand

      August 2, 2025
    • WATCH: Trump says he is hopeful Hillary Clinton will be investigated for election fraud

      August 1, 2025
    • Trump moves nuclear submarines weeks after praising sub’s power in Iran strikes

      August 1, 2025
    • Recess on ice as Republicans hunker down for high-stakes nominee blitz

      August 1, 2025
    • Iran says it has ‘plenty of scientists’ left to restart uranium enrichment, despite US, Israeli strikes

      August 1, 2025

    Categories

    • Business (8,652)
    • Investing (2,168)
    • Politics (16,282)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved