Set a vote on congressional stock trading ban

For our government to work, voters must believe lawmakers put the public’s interests first. Right now, that trust is broken. Until Congress takes serious action to eliminate real or perceived conflicts of interest, the crisis of confidence will only deepen.

The Senate Homeland Security and Government Affairs Committee advanced the HONEST Act — a comprehensive, bipartisan ban on congressional stock trading — by a narrow 8—7 vote. The bill, sponsored by Sen. Josh Hawley, a Missouri Republican, and supported by all committee Democrats, now heads to the full Senate.

The HONEST Act would bar lawmakers, their spouses and dependents from owning or trading individual stocks. It would also apply to future presidents and vice presidents, closing loopholes that allow powerful officials to profit from the policies they shape. However, the executive branch provision wouldn't go into effect until after President Donald Trump and Vice President JD Vance leave office. Current GOP versions of the stock trading ban moving through the House of Representatives do not include the president and vice president.

Hawley’s bill advanced with the support of all Democrats and no other Republicans on the committee. It's now up to Republican Senate Majority Leader John Thune to decide whether to bring the bill to the floor for a vote.

Members of Congress have access to inside information and direct influence over markets. Allowing them to trade stocks is like letting referees bet on games they officiate. It’s no wonder 86% of Americans support this common-sense ban.

Given that many Congressional members have significant holdings, this legislation will go nowhere without intense cross-partisan voter pressure. First, contact the Senate Majority Leader and urge him to bring the bill to the floor. Second, tell your senator to support the HONEST Act to help restore trust in our democracy.

Donna Limper

Bloomingdale