Democrats are weighing whether to extend an individual stock trading ban to spouses of lawmakers.
The Ban Conflicted Trading Act “prohibits a Member of Congress or certain congressional officers or employees from (1) purchasing or selling specified investments, (2) entering into a transaction that creates a net short position in a security, or (3) serving as an officer or member of any board of any for-profit entity.”
The legislation in its current form would not apply to the spouses of lawmakers. House Speaker Nancy Pelosi’s husband Paul has made headlines over the years with his millions of dollars in stock purchases, particularly with technology companies.
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