{"id":20038,"date":"2024-07-24T11:35:58","date_gmt":"2024-07-24T15:35:58","guid":{"rendered":"https:\/\/www.merkley.senate.gov\/?p=20038"},"modified":"2024-07-24T11:36:00","modified_gmt":"2024-07-24T15:36:00","slug":"merkley-momentum-behind-banning-congressional-stock-trading","status":"publish","type":"post","link":"https:\/\/www.merkley.senate.gov\/es\/merkley-momentum-behind-banning-congressional-stock-trading\/","title":{"rendered":"Merkley: Momentum Behind Banning Congressional Stock Trading"},"content":{"rendered":"<p class=\"has-text-align-center\"><em>Bipartisan ETHICS Act Clears Key Hurdle to Head to Senate Floor<\/em><em><\/em><\/p>\n\n\n\n<p>Washington, D.C. \u2013 Oregon\u2019s U.S. Senator Jeff Merkley today issued the following statement after his legislation to ban Congressional stock trading passed out of committee:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cMembers of Congress should serve the people, not their portfolios. For the first time, a Senate committee considered and passed legislation to ban Congressional stock trading, a practice that appears deeply corrupt to the American people and erodes public respect for our government institutions. There should be no question about whether a lawmaker is voting on or writing legislation in the best interests of their constituents or the best interests of their investments.<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cMore than 85 percent of Democrats and Republicans support it, and now banning Congressional stock trading has the momentum it needs to become law. I thank my colleagues for passing this important bill out of committee and am pushing to bring the bill to the Senate floor for a vote as soon as possible.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Today, the Senate Homeland Security and Governmental Affairs Committee (HSGAC) passed \u2013 with bipartisan support \u2013 Merkley\u2019s <em>Ending Trading and Holdings in Congressional Stocks (ETHICS) Act<\/em>. Earlier this month, Merkley joined HSGAC Chairman Gary Peters (D-MI) and Senators Josh Hawley (R-MO) and Jon Ossoff (D-GA) to announce an agreement and bipartisan changes to the <a href=\"https:\/\/www.merkley.senate.gov\/es\/peters-merkley-hawley-and-ossoff-announce-historic-bipartisan-agreement-to-advance-legislation-to-ban-member-stock-trading\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Ley de \u00c9TICA<\/em><\/a>,<em> <\/em>which cleared the way for Wednesday\u2019s markup and vote. The bipartisan modified legislation would immediately ban Members of Congress from buying stocks and other covered investments and prohibit members from selling stocks 90 days after enactment. The bipartisan modified legislation also requires Members of Congress, the President, the Vice President, and their spouses and dependent children to divest from all covered investments, effective March 31, 2027.<\/p>\n\n\n\n<p>You can read Merkley\u2019s statement for the record from the <em>Ley de \u00c9TICA<\/em> markup by clicking <a href=\"https:\/\/www.merkley.senate.gov\/wp-content\/uploads\/24.07.24-HSGAC-Statement-for-the-Record-FINAL.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">aqu\u00ed<\/a>.<\/p>\n\n\n\n<p>Merkley has been leading the charge to end Congressional stock trading for over 12 years. In 2012, Merkley and Senator Sherrod Brown led an effort to add an amendment to the <em>Stop Trading on Congressional Knowledge (STOCK) Act <\/em>banning trading by Members of Congress. In 2023, after a year of collaboration and amid calls for government accountability, Merkley and Brown led the introduction of the <em>Ley de \u00c9TICA<\/em>, which is sponsored by 23 Senators.<\/p>\n\n\n\n<p class=\"has-text-align-center\">###<\/p>","protected":false},"excerpt":{"rendered":"<p>Bipartisan ETHICS Act Clears Key Hurdle to Head to Senate Floor Washington, D.C. \u2013 Oregon\u2019s U.S. Senator Jeff Merkley today issued the following statement after his legislation to ban Congressional stock trading passed out of committee: \u201cMembers of Congress should serve the people, not their portfolios. For the first time, a Senate committee considered and [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":17054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[43,108],"class_list":["post-20038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","tag-bipartisan-actions","tag-democracy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Merkley: Momentum Behind Banning Congressional Stock Trading - Merkley<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.merkley.senate.gov\/es\/merkley-momentum-behind-banning-congressional-stock-trading\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merkley: Momentum Behind Banning Congressional Stock Trading - Merkley\" \/>\n<meta property=\"og:description\" content=\"Bipartisan ETHICS Act Clears Key Hurdle to Head to Senate Floor Washington, D.C. \u2013 Oregon\u2019s U.S. Senator Jeff Merkley today issued the following statement after his legislation to ban Congressional stock trading passed out of committee: \u201cMembers of Congress should serve the people, not their portfolios. 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