Democrat Lawmaker Calls for ‘New Leaders’ Within Own Party After Stock Trade Ban Vote Stalls

Rep. Abigail Spanberger (D-VA) called for new House Democratic leadership after a vote to ban congressional lawmakers from trading stocks was stalled indefinitely in the lower chamber.

On Tuesday, Rep. Zoe Lofgren (D-CA) introduced the Combatting Financial Conflicts of Interest in Government Act prohibiting senior government officials and their family members from trading stocks after House Speaker Nancy Pelosi (D-CA) directed her to craft the legislation in February. However, House Majority Leader Steny Hoyer (D-MD) indicated that the bill would not be voted on before the midterms.

“Probably no vote this week,” Hoyer told CNN on Friday, as congressional members leave to focus on their campaigns ahead of the midterm elections on November 8.

“I haven’t read it, it’s a complicated issue, as you can imagine, as a new rule for members they have to follow, and their families as I understand, so I think it deserves careful study to make sure if we do something, we do it right,”

Spanberger, who introduced similar legislation in early 2021, tore into the Democrat leadership officials for waffling around on bringing the bill to a vote.

READ MORE

Join now!