US Congressman Ro Khanna Proposes Bill to Ban Congressional Stock Trading

In a significant move toward reforming the ethical landscape of American politics, US Congressman Ro Khanna has introduced a comprehensive bill aimed at curbing conflicts of interest among lawmakers. The proposed legislation, which marks a critical step in a series of government efforts to revise the status quo of elected officials, encompasses a broad spectrum of restrictions, including a ban on stock trading activities by Congressional members and their spouses.

Ro Khanna Bill Aims to End Congressional Insider Trading

Khanna’s bill, which has garnered attention for its stringent approach, outlines five principal components aimed at enhancing the integrity of Congress. The foremost point involves a complete prohibition on stock trading for Congressional members and their spouses, addressing long-standing concerns over potential conflicts of interest and insider trading.

Additionally, the bill takes a firm stance against the influence of external financial interests in politics. It proposes a ban on donations from lobbyists and Political Action Committees (PACs), thereby seeking to reduce the sway of private interests over legislative decisions. This move aligns with a growing demand for transparency and accountability in campaign financing.

Another notable aspect of the legislation is its restriction on the post-Congress careers of former lawmakers. Under the new bill, ex-Congress members would be barred from transitioning into lobbyist roles, a practice that has been criticized for perpetuating a “revolving door” between Congress and lobbying firms.

Supreme Court Ethics Code in New Reform Bill

The bill doesn’t stop at altering the financial activities of Congress members. It ambitiously extends its scope to include term limits for Congress and the Supreme Court, reflecting a growing public discourse on the benefits of limiting the duration of service in these powerful positions. This aspect of the bill could lead to significant changes in the dynamics of federal governance, potentially introducing fresh perspectives and reducing long-term entrenchment in these institutions.

Furthermore, Khanna has proposed a resolution to enforce a strict code of ethics on the Supreme Court, a move that underscores the bill’s comprehensive approach to reforming various branches of the government. This addition highlights a commitment to ensuring that ethical standards are upheld across all levels of federal decision-making.

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