After months of opposition, Speaker of the House, Nancy Pelosi, has greenlighted a plan to ban members of Congress from trading stocks. The legislation is being drafted by a House committee and is expected to go up for a vote this year. Several similar rules are being considered in the Senate, with some bipartisan support.
A matter of fairness. The decision to ban members of Congress would hope to reduce potential conflict of interest stimming from non-public, security related, and classified briefings related to potential valuation changes in the market affecting lawmaker decisions with regard to buying, holding, or selling specific stocks.
While details are still being worked out, and resistance to the change is already expected, the conversation has started and should be interesting to watch unfold.
Telling it like it is - Next we should ban refs from betting on the games they oversee! Oh wait, we already did that because it can majorly affect how they do their job? That's good.