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politics5h ago
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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