Congress Stock Trading Ban: Will You Lose Your Savings? | JQJO

A bipartisan bill in the US House aims to ban lawmakers from trading individual stocks. This follows years of stalled efforts due to disagreements and lack of leadership support. The new legislation, spearheaded by Reps. Chip Roy and Seth Magaziner, requires lawmakers to sell all individual stocks within 180 days, with fines for non-compliance. It extends to spouses and dependents. While House Speaker Mike Johnson and Minority Leader Hakeem Jeffries support it, Senate action is uncertain due to significant opposition from some lawmakers who argue it discourages public service.