Washington, D.C. — Today, the Senate Committee on Homeland Security and Governmental Affairs voted to advance a measure that would ban congressional stock trading and apply the ban to future presidents and vice presidents. In response, Ben Olinsky, senior vice president of Structural Reform and Governance at the Center for American Progress, issued the following statement:
This measure is about helping restore trust in government. Neither members of Congress nor the president or vice president should be trading stocks when they have insider access to information that could affect stock prices. This bill prevents public servants from misusing their positions of power to enrich themselves at the expense of the American people.
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