The Senate has a new plan to ban congressional stock trading. Here's what's in it.

Wed, 07/24/2024 - 12:43

Sens. Jeff Merkley, Josh Hawley, and Jon Ossoff came together with a new plan to ban lawmakers from trading stocks.
Bonnie Cash/AP Images; Tom Williams/CQ-Roll Call via Getty Images

A group of senators came together around a new bill to ban lawmakers from trading stocks.
It's the most significant development on the issue in years, but it's unclear if it will get a vote.
Here's what's in the new plan.

On Wednesday, a key Senate panel approved a bill that would ban lawmakers from trading stocks.

The Senate Homeland Security and Government Affairs Committee approved the legislation — known as the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act — by an 8-4 vote.

Republican Sens. Rand Paul of Kentucky, Ron Johnson of Wisconsin, Mitt Romney of Utah, and James Lankford of Oklahoma voted against it.