Morelle, Magaziner, and Jayapal Sign Discharge Petition to Pass Congressional Stock Ban
WASHINGTON – Today, Rep. Joe Morelle (NY-25), the top Democrat on the Committee on House Administration, Rep. Seth Magaziner (RI-02), and Rep. Pramila Jayapal (WA-07) led their colleagues in signing the discharge petition for the Restore Trust in Government Act to begin the process of getting an actual congressional stock trading ban signed into law.
“Members of Congress should not use their position for personal gain – neither should the President or the Vice President. The American people deserve better from their elected officials, yet President Trump and House Republicans are focused on enriching themselves and creating loopholes that will allow them to continue trading stock,” said Ranking Member Joe Morelle. “Let’s be clear, the Republicans’ weak stock trading bill still allows Members of Congress to continue to trade a substantial number of individual stocks. We must pass a stock ban, and I strongly urge my colleagues to join us in signing this discharge petition.”
“We must eliminate the opportunity for corruption by passing a real ban on Members of Congress trading stocks, without loopholes, and we must also crack down on the out of control corruption in the White House,” said Congressman Seth Magaziner. “I want to thank Ranking Member Morelle for leading the discharge petition to bring my Restore Trust in Government bill to a vote, and thank Representative Jayapal and our Democratic Leadership for their principled support of real reform in Congress.”
“Republicans in the House have put forward a so-called stock trading ban that won’t actually stop Members of Congress from trading individual stocks. That is not what the American people want. That is why I’m proud to be signing our discharge petition on the Restore Trust in Government Act to bring a bill to the floor that will finally root out corruption in Washington, DC and ban Members of Congress from trading stocks,” said Congresswoman Pramila Jayapal.
Background:
Last month, Rep. Morelle joined Rep. Seth Magaziner in introducing H.R. 6731 a congressional stock trading ban that would finally ban Members of Congress, the President, and Vice President from buying and selling stocks, and would meet the demand of the American people. This bill was introduced along with Leader Hakeem Jeffries, Whip Katherine Clark, Chairman Pete Aguilar, and Rep. Pramila Jayapal.
For more information about the Restore Trust in Government Act click here.
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The Committee on House Administration’s jurisdiction includes federal elections, House operations, Capitol Complex security, the Smithsonian Institution, and Legislative Branch agencies such as the Library of Congress and Government Publishing Office.