US House Passes Partial Congressional Stock Trading Ban, 232–198
The GOP-backed bill combines restrictions on lawmakers' stock trading with a federal voter ID requirement, drawing opposition from dozens of Democrats.
Jess Chen
The House of Representatives voted Wednesday on a legislative package that bars members of Congress from purchasing additional stocks while in office and also introduces a federal voter ID requirement.
The House passed the GOP-backed congressional stock trading ban bill with a vote of 232–198, according to the House record. Thirteen Democrats crossed party lines to join all Republicans in support of the measure.
The bill restricts lawmakers' ability to purchase and sell stocks but stops short of a full ban. It was introduced by House Administration Committee Chair Bryan Steil (R-Wis.).
Dozens of House Democrats rejected the bill, objecting to its fusion of a congressional stock ban with a federal voter ID requirement.
Updates
The approved legislation incorporates the SAVE Act and a voter ID requirement, which served as the primary catalyst for the opposition from Democratic lawmakers. This vote marks a significant escalation of the stock trading ban as a key campaign issue, following months of sustained pressure from conservative hardliners on House leadership to bring the bill to the floor.
Politics Correspondent · Talivio News
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Sources
- — Congressional stock trading curb due to get House vote amid public support for a ban (opens in a new window)
- — Dozens of House Democrats reject bill fusing congressional stock ban with federal voter ID (opens in a new window)
- — House passes GOP stock trading ban bill (opens in a new window)
- — House approves bill restricting lawmakers’ ability to purchase and sell stocks (opens in a new window)