Several members of Congress and political commentators have called for a ban on stock trading by members of Congress following allegations of insider trading related to a tariff pause announcement linked to former President Donald Trump. Senator Elizabeth Warren and Representative Mike Levin emphasized the need to prevent elected officials from profiting from privileged information. Representative Magaziner noted that his bill to ban congressional stock trading is gaining support among lawmakers and the public. Concerns were raised about individuals close to Trump potentially benefiting from advance knowledge of the tariff pause, with calls for an independent investigation into possible illegal trading activities. Critics also accused the Department of Justice of failing to investigate these allegations impartially.
Ban congressional stock trading. https://t.co/tJ0RC8L0WO
We must ban stock trading for members of Congress. No elected official should use their position for personal profit. Period. https://t.co/wW9eO3Y4oN
More and more members of Congress agree: we should NOT be trading stocks while in office. My bill to ban congressional stock trading is gaining traction, and the public is with us. Let's turn momentum into action. https://t.co/kRyrWaQYGw