Senate panel approves bill to ban elected officials' stock trades

[BumRushDaShow]

Source: Roll Call

Posted July 30, 2025 at 6:13pm


GOP senators sparred with fellow Republican Josh Hawley on Wednesday over a Hawley-authored bill that would ban trading and ownership of stocks and certain other assets by lawmakers, the president and vice president and their spouses and dependent children. The Homeland Security and Governmental Affairs Committee approved the bill on a slim 8-7 vote after earlier adopting a Hawley substitute amendment that extended the prohibitions beyond just members of Congress, reaching into the Oval Office.

The compromise amendment would give officials elected before the date of enactment until after their current term to divest their assets. So President Donald Trump and Vice President JD Vance would need to sell their holdings in 2029 — exempting Trump from the requirements, since this is his last term — current House members would have until 2027, and so forth.

The original bill only applied to lawmakers and was co-sponsored by Sen. Bernie Moreno, R-Ohio. The bill was titled the “PELOSI Act,” a reference to past accusations by Republicans that former Speaker Nancy Pelosi, D-Calif., benefited from inside information in stock trading.

The substitute amendment — approved 8-7 — changed the title, dropped Moreno and added Sen. Gary Peters, D-Mich., the Homeland Security panel’s ranking member, as co-sponsor. “Let’s be honest, this is a publicity show,” Moreno said. Pelosi issued a statement in support of the bill. “While I appreciate the creativity of my Republican colleagues in drafting legislative acronyms, I welcome any serious effort to raise ethical standards in public service,” she said.

Read more: https://rollcall.com/2025/07/30/senate-panel-advances-bill-banning-congressional-stock-trading/

[no_hypocrisy]

1. He'll veto it.

[Cheezoholic]

2. Hawley has made several moves of late that makes me think he's making a run (pun intended) for the middle

Don't get me wrong, he's a fascist prick. And while I have long wished for such a law this will likely not succeed and as Sen. Peters said, this is a publicity stunt. But not for the fascist repukes but for the fascist prick Hawley. As with any fascist prick he's got his eyes set on more and more power. With what the fascist repukes have done to the Executive Branch it has become a very lucrative position that can bring real power and exorbitant wealth to an ambitious individual like say, a lowly Senator. And there is a play here, which is scary.

Hawley has made several moves of late reaching out to the so called middle, that group of voters, both left and right, that have a complete distrust of government and truly want "the swamp" cleaned out. I myself have long been one of those individuals. But "the swamp" as I see it is based in reality whilst "the swamp" as some MAGA's see it is based in conspiracy. Either or, this is, IMO, the fastest growing voter base that can be snatched, if done slyly enough, to give one an advantage. I think that's what Hawley's doing here and with other moves he's made like trying to get large swaths of the Bend Over Bill repealed.

But I live in the flyover areas that get FatAss elected. And I'm telling you there's a group of these people, whom no matter what many think, aren't stupid. They truly want government fixed. They want the corruption out. They don't care about Democrat or Republican anymore. They see the outright corruption going on now and are not happy with it. They know they were fooled by a Carpet Bagger.

I'm heading to the diner now, and I will converse with these people, the "smart" ones anyway. And guarantee if they hadn't heard of this bill, when I bring it up I'll get some hell yeahs. There was a large group of voters after Nixon who had no faith in government, it was all corrupt. Voters on the left and right. We're at that point again. Its a voting block we need to pay attention to and not push them away. They are "available".

[lark]

3. If it goes through, which is doubtful, it will only be effective against Dems.

R's are totally lawless!