Spanberger says Pelosi undercut bill banning Congress from stock trading

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Spanberger says Pelosi undercut bill banning Congress from stock trading
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The Virginia Democrat again clashed with the House's top Democrat over a proposal to block members of Congress from cashing in on their access to information.

that Pelosi has deliberately stalled bipartisan legislation prohibiting lawmakers from trading individual stocks. The criticism against Pelosi over her reluctance to embrace a ban on congressional stock trading is the latest from Spanberger, who faces a competitive reelection race in Virginia.

Spanberger, along with Republican Representative Chip Roy, sponsored the Transparent Representation Upholding Service and Trust in Congress Act in 2020. The bill required members of Congress, along with their spouses and children, to put investments into blind trusts or keep their money in mutual funds.

Abigail Spanberger, a Democratic representative from Virginia, answers questions after touring the IBEW Local 26 training facility September 6, 2022 in Manassas, Virginia. Spanberger again clashed with Speaker Nancy Pelosi over a bill restricting members of Congress from selling stock., asked Spanberger about the failure of the bill and Pelosi's statement that she was working on improved legislation.

Critics say current requirements allow for conflicts of interest, allowing members of Congress to use their access to information to buy and sell stocks.

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