Incoming US House members call on Dem leaders to institute a stock trading ban

WASHINGTON — Dozens of incoming U.S. House Democrats are urging party leaders to tackle a stock trading ban for lawmakers on the first day of the 120th Congress in January. Just over 50 representatives-elect sent a letter Thursday to House Minority Leader Hakeem Jeffries, D-N.Y., Democratic Whip Katherine Clark, D-Mass., and other top House Democrats asking that the House adopt a rule barring House members and their spouses from owning and trading individual stocks. “Democrats may have won the election, but we have a long way to go to earn back the trust of voters across the country. The existing laws around insider trading are insufficient. We should hold ourselves to the highest standard and work to restore faith in government. Nobody should leave Congress with millions more in their bank accounts,” according to the letter signed by 51 incoming House freshmen. More than half of the new members who signed the letter flipped their seats from Republican to Democrat.

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