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President Biden expressed support for a ban on stock trading by members of Congress, emphasizing the ethical concerns of lawmakers profiting from insider knowledge while serving their constituents. He highlighted the need for legislative change, advocating for the ETHICS Act, which aims to prevent such trading and impose penalties for violations. Despite his stance, the bill has yet to be voted on in the Senate.
President Joe Biden has endorsed a ban on congressional stock trading, stating that lawmakers should not profit from the stock market while in office. This comes amid ongoing debates in Congress, particularly after instances of stock trading linked to pandemic briefings. Although a bipartisan proposal exists, it has yet to be voted on, and Biden emphasized the need for legal changes to prevent conflicts of interest.
President Joe Biden has endorsed a ban on congressional stock trading, stating that lawmakers should not profit from the stock market while in office. This comes amid ongoing debates in Congress, particularly after instances of stock trading during the pandemic. Although a bipartisan proposal exists, it has yet to be voted on, and Biden emphasized the need for legal changes to prevent conflicts of interest.
Faiz Shakir
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Biden advocates for congressional stock trading ban amid ongoing discussions
00:50 18.12.2024
biden supports ban on congressional stock trading amid ongoing debate
NVIDIA Corporation
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Faiz Shakir
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17:10 17.12.2024
Biden supports ban on congressional stock trading amid ongoing debate
Amazon.com, Inc.
Boeing Co
Microsoft Corp
USA
Joe Biden
Bernie Sanders
Jen Psaki
Faiz Shakir
Show more
17:10 17.12.2024
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