New bill could ban Congress members from owning individual stock

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Lawmakers are looking to ensure those in Congress don’t use their position to make money.

That’s why Democratic Senator Sherrod Brown of Ohio introduced a bill that would ban them from owning individual stocks. 

Brown said lawmakers’ investments could influence their votes in Congress. 

The bill would ban members of Congress and senior-level staffers from owning individual stocks, and prohibit them from serving on corporate boards while in office.

This bill is expected to face some pushback from Conservatives, but Iowa Senator Joni Ernst said she’s open to it.

“Members should not be profiting from the work that we do here in Congress. I think that would be an important step forward,” said Brown.

Earlier this year, prosecutors charged Congressman Chris Collins with insider trading. Collins served on a corporate board of directors and is accused of using insider information for his family’s benefit, though he denies any wrongdoing. 
 

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