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House Minority Leader Kevin McCarthy said he is considering limiting or barring lawmakers from holding or trading stocks and equities if Republicans win a House majority in November.
McCarthy told Punchbowl News that he was considering the changes, but had not yet come to any conclusions on what kind of limits or bans would be put in place.
Sen. Jon Ossoff, a Democrat from Georgia, is also preparing to introduce legislation that would ban members of Congress and their spouses from trading the individual stocks of corporations, many of which spend significant amounts of money lobbying the federal government and vie for lucrative government contracts.
Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Investments may decline in value and/or disappear entirely. Please be careful!