A House Democrat is up in arms against party leadership in the lower chamber after Majority Leader Steny Hoyer (D-Md.) blocked legislation that would ban stock trading by members of Congress.
Rep. Abigail Spanberger (D-Va.), incensed by the decision, said in a Sept. 30 statement that it was “a failure of House leadership” and called for a new generation of Democrats to take control of the party.
The text of the legislation (pdf), dubbed the Combatting Financial Conflicts of Interest in Government Act, would seek to ban a range of officials—in Congress, the executive branch, the Supreme Court, and at the Federal Reserve—from trading or owning investments in instruments including stocks, commodities, futures, and cryptocurrencies….
Rep. Abigail Spanberger (D-Va.), incensed by the decision, said in a Sept. 30 statement that it was “a failure of House leadership” and called for a new generation of Democrats to take control of the party.
The text of the legislation (pdf), dubbed the Combatting Financial Conflicts of Interest in Government Act, would seek to ban a range of officials—in Congress, the executive branch, the Supreme Court, and at the Federal Reserve—from trading or owning investments in instruments including stocks, commodities, futures, and cryptocurrencies….
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