TRUST in Congress Act would not allow lawmakers to buy or sell stocks

Washington-DC

WASHINGTON (NEXSTAR) — “I was disgusted by even the allegations,” Virginia Congresswoman Abigail Spanberger said.

Spanberger is talking about accusations that some lawmakers may have used insider information to profit during the coronavirus pandemic.

“There were news reports about members of the United States Senate and members of the United States House of Representatives who were buying and selling stocks, that from an outside view, looked rather linked to the crisis we were facing as a nation,” Spanberger said.

Investigations cleared some of the lawmakers, like Georgia Sen. Kelly Loeffler, but Spanberger’s new bipartisan bill would remove all temptation.

“Any person elected to Congress, their spouse or their dependent children, would have to move all of their individual stocks into a blind trust,” Spanberger said.

The bill also requires members to disclose other investments, but it would not apply to mutual funds, U.S. treasury bills or bonds.

“When you serve like this, you serve, you’re elected and your constituents should have trust that you’re there to be selfless, not selfish,” Pennsylvania Republican Glenn Thompson said.

Thompson and Pennsylvania Republican Fred Keller believe members of Congress should be held to a higher standard.

“I don’t have a problem with looking at that transparency and seeing what we can do to advance that,” Keller said,

Both Thompson and Keller say this bill is a step in the right direction, to prove lawmakers care more about the American people, than their wallets.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Stories

More Local News

Recent Videos

Amber's Friday Morning #OneMinuteForecast 7/3

Thumbnail for the video titled "Amber's Friday Morning #OneMinuteForecast 7/3"

Friday's forecast: Severe storm chances ramp up this evening

Thumbnail for the video titled "Friday's forecast: Severe storm chances ramp up this evening"

FURRY FRIENDS JULY 3

Thumbnail for the video titled "FURRY FRIENDS JULY 3"

NDC JULY 3

Thumbnail for the video titled "NDC JULY 3"

Babe Ruth Baseball

Thumbnail for the video titled "Babe Ruth Baseball"

Mandan Rodeo Days

Thumbnail for the video titled "Mandan Rodeo Days"

Northwoods League

Thumbnail for the video titled "Northwoods League"

Thursday, July 2nd, 2020 - KX Storm Team Nightly Forecast - Dave Holder

Thumbnail for the video titled "Thursday, July 2nd, 2020 - KX Storm Team Nightly Forecast - Dave Holder"

July 4 COVID Safety Reminders

Thumbnail for the video titled "July 4 COVID Safety Reminders"

DJGA Golf

Thumbnail for the video titled "DJGA Golf"

WWII Veteran

Thumbnail for the video titled "WWII Veteran"

Travel Plans

Thumbnail for the video titled "Travel Plans"

PPP Extension

Thumbnail for the video titled "PPP Extension"

Vision Zero

Thumbnail for the video titled "Vision Zero"

Update on Grape Experiments

Thumbnail for the video titled "Update on Grape Experiments"

Fraternal Order of Police

Thumbnail for the video titled "Fraternal Order of Police"

Police Complaints

Thumbnail for the video titled "Police Complaints"

Licenses for Kids

Thumbnail for the video titled "Licenses for Kids"

Summer Theatre on FB

Thumbnail for the video titled "Summer Theatre on FB"

LGBTQ+ Same Sex Marriage Vote to Come

Thumbnail for the video titled "LGBTQ+ Same Sex Marriage Vote to Come"
More Video

KX News Trending Stories

Don't Miss