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House Republican Moves To Force Vote On Banning Stock Trading In Congress * 100PercentFedUp.com * by Danielle

NEWS HEADLINES: House Republican Moves To Force Vote On Banning Stock Trading In Congress * 100PercentFedUp.com * by Danielle

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Rep. Anna Paulina Luna (R-FL) said she filed a discharge petition to force a vote on banning stock trading in Congress.

“Both Republican @SpeakerJohnson and @RepJeffries have acknowledged that insider trading in Congress is a serious problem and must be stopped, and have signaled support to stop the corrupt process of insider trading via individual stock trades, but political games have already started to play out behind the scenes so I couldn’t wait any longer,” Luna wrote.

“I look forward to working with every faction, every caucus, and every Member, Republican and Democrat, to deliver this win for the American people,” she continued.

Roll Call shared more:

The discharge petition sets up yet another showdown between rank-and-file Republicans and their leadership. Last month, the House voted in favor of a bill that would compel the Justice Department to release certain files related to sex offender Jeffrey Epstein after a discharge effort led by Rep. Thomas Massie, R-Ky. That push succeeded despite the open opposition of President Donald Trump and Johnson (though Trump officially changed his position days before the measure was set to pass).

And earlier this year, Luna led a separate discharge petition aimed at allowing proxy voting for recent parents, though Johnson cut a deal with her and quashed the effort.

Luna’s stock trading push, if successful, would bring to the floor a consensus proposal introduced by Rep. Chip Roy, R-Texas, forcing members to go on the record on an issue that has broad public support. The perception that members are trading on inside information they glean from their jobs — which is already illegal, according to a rarely enforced 2012 federal law that also established stock reporting requirements — hurts the public’s confidence in Congress, advocates of the proposal say.

Burchett and Luna were the only signatories as of Tuesday afternoon.

If the petition reaches 218 signatures, House leadership will be forced to bring the bill to a vote on the House floor.

“@SpeakerJohnson said he believes members of Congress should be able to own stocks. He said said that the institution should clamp down on insider trading,” Punchbowl News founder Jake Sherman said.

“So there’s probably a way to do that that still allows for lawful conduct by members,” Johnson said, according to Sherman.

“You don’t want another deterrence for good people running for office,” he added.

According to Sherman, Johnson said Luna “gets anxious and wants things to happen quicker.”

“I would say the term is more frustrated lol. Anxious is what happens when you get nervous. I’m not nervous. I’m pissed lol. Either which way I’m all ears for a solution. The insider trading is really bad and even the speaker knows it. I like Mike. Mike is a good guy. I hope he backs me on this one,” Luna commented.

POLITICO noted:

Rep. Tim Burchett (R-Tenn.), who is working on the effort with Luna, agreed many Republicans are “tired” of GOP leaders pushing off the legislation.

It’s just the latest internal GOP fight Johnson has to deal with. At the same time Luna and Burchett formally launched their discharge petition effort Tuesday afternoon, Johnson faced a revolt among his members on the House floor over a procedural move involving legislation to regulate name, image and likeness compensation in college sports.





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