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Congressional stock ownership is 'outrageous,' says Rep. Mike Levin, calling for ban

A new law would restrict stock ownership by members of Congress and senior staff, aiming to curb conflicts of interest.
Lawmakers argue the policy would bolster public trust by increasing transparency in financial dealings.
Opponents warn the plan could reduce earnings opportunities for legislators and staff who invest in markets.
The bill now moves to the Senate for consideration, with supporters hoping for passage this session.
Ethics reform is gaining traction in Washington as experts view the proposal as a broader push.
The bill aims to increase disclosures and impose stricter rules on financial holdings of lawmakers.
Supporters say the policy would reduce potential conflicts between personal investments and official duties.
The debate highlighted differing views on how to balance ethics with financial freedom for public officials.
If enacted, the ban would set a precedent for similar reforms across other branches of government.
The bill requires enhanced disclosures to improve transparency surrounding lawmakers’ financial activity.

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