{"id":22771,"date":"2025-07-30T17:51:55","date_gmt":"2025-07-30T21:51:55","guid":{"rendered":"https:\/\/www.merkley.senate.gov\/?p=22771"},"modified":"2025-07-31T17:51:58","modified_gmt":"2025-07-31T21:51:58","slug":"committee-advances-peters-hawley-merkley-and-ossoff-bipartisan-legislation-to-ban-member-stock-trading","status":"publish","type":"post","link":"https:\/\/www.merkley.senate.gov\/es\/committee-advances-peters-hawley-merkley-and-ossoff-bipartisan-legislation-to-ban-member-stock-trading\/","title":{"rendered":"Committee Advances Peters, Hawley, Merkley, and Ossoff Bipartisan Legislation to Ban Member Stock Trading\u00a0\u00a0"},"content":{"rendered":"

WASHINGTON DC<\/strong>\u2014Bipartisan legislation led by U.S. Senators Gary Peters\u202f(D-MI) and Josh Hawley (R-MO) to ban Members of Congress, the President, the Vice President, and their spouses and dependent children from holding, buying, or selling stocks has advanced out of committee. The committee passed the Halting Ownership and Non-Ethical Stock Transactions (HONEST) Act<\/em>, which is based on the historic bipartisan legislation<\/a> that was approved last year that was negotiated by Peters, Hawley and U.S. Senators Jeff Merkley (D-OR) and Jon Ossoff (D-GA). The legislation would immediately ban Members of Congress, the President, and Vice President from buying stocks and other covered investments and prohibit them from selling stocks 90 days after enactment. It also requires Members of Congress, the President and the Vice President to divest from all covered investments, starting at the beginning of their next term in office. The bill was approved by the Senate Homeland Security and Governmental Affairs Committee, where Peters serves as Ranking Member.\u00a0\u00a0<\/p>\n\n\n\n

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\u201cAmericans deserve to have complete confidence that federal elected officials are working in their constituents’ best interests\u2014not their own financial interests,\u201d said Senator Peters. <\/strong>\u201cBy passing this legislation out of committee with bipartisan support, we are one step closer to getting this bill passed into law and finally barring bad actors from taking advantage of their positions for their own financial gain. I\u2019m grateful that the Committee advanced this commonsense legislation that will help restore Americans\u2019 faith that their elected officials are truly working on behalf of the people.\u201d  <\/p>\n<\/blockquote>\n\n\n\n

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\u201cAmericans have watched politicians earn a fortune using information not available to the general public while the average family struggles to get by. It’s just wrong,\u201d said Senator Hawley.<\/strong> \u201cMembers of Congress should be focused on delivering results for their constituents, not returns on investments. It’s time to find out where members stand. It’s time we restore trust in Congress and ban all members from trading and holding stocks.\u201d <\/p>\n<\/blockquote>\n\n\n\n

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\u201cFor over a decade, I\u2019ve fought for comprehensive legislation to ban Congressional stock trading, and last year, such a bill passed out of committee for the first time ever,\u201d dijo el senador Merkley<\/strong>. \u201cThat bill has come out of committee again under the name the HONEST Act. Everyone in America understands this issue\u2014 owning individual stocks can affect how elected officials think about an issue as they\u2019re voting or crafting policy, when what they should be thinking about is how best to serve their constituents and our country. We work for the people, not our profits. If President Trump is serious about cracking down on this corrupt practice, he should urge Congress to immediately pass a comprehensive Congressional stock trading ban.\u201d  <\/p>\n<\/blockquote>\n\n\n\n

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\u201cThis is a historic moment in efforts to reform the ethics laws that govern Congress. Georgians overwhelmingly agree that Members of Congress should not be playing the stock market while we legislate and while we have access to confidential and privileged information,\u201d Senator Ossoff said.<\/strong> \u201cThis is long overdue and necessary, and today we made historic progress passing our bipartisan bill out of Committee.\u201d <\/p>\n<\/blockquote>\n\n\n\n

el bipartidista HONEST Act<\/em> as passed by the Homeland Security and Governmental Affairs Committee would: <\/p>\n\n\n\n