in our free newsletter.

Thousands benefit from our email every week.

Breakdown of the bill

The new bill would bar Washington officials from owning or trading stocks, even in blind trusts.

It would also impose penalties of varying degrees against those found to break the rules.

They could also be subject to additional civil penalties in “extraordinary” cases or those that involve “substantial monetary value,” according to a joint press release from Gillibrand and Hawley.

Capital One Shopping’s browser add-on automatically applies coupon codes as you shop online. It’s absolutely free – plus it takes only two clicks to install. Add the Capital One Shopping browser extension today and start earning discounts of up to 50% on the things you already buy.

Install for Free

Huge public support

Public support for a ban on stock trading among members of Congress is almost unanimous — with 86% in favor nationwide, according to a recent survey by the University of Maryland’s Program for Public Consultation.

Sen. Hawley said the bill would “put the American public first” — but this rhetoric doesn’t appear to have swayed his colleagues in Congress.

Two bills on this matter — the TRUST in Congress Act and the PELOSI Act — have failed to move the needle this year, and it’s unclear if or when the Ban Stock Trading for Government Officials Act will be debated and voted on.

Kiss Your Credit Card Debt Goodbye

Millions of Americans are struggling to crawl out of debt in the face of record-high interest rates. A personal loan offers lower interest rates and fixed payments, making it a smart choice to consolidate high-interest credit card debt. It helps save money, simplifies payments, and accelerates debt payoff. Credible is a free online service that shows you the best lending options to pay off your credit card debt fast — and save a ton in interest.

About the Author

Bethan Moorcraft

Bethan Moorcraft


Bethan Moorcraft is a reporter for Moneywise with experience in news editing and business reporting across international markets.

What to Read Next


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.