An open letter to the U.S. Congress

Ban Stock Trading by Congressional Members!

2 so far! Help us get to 5 signers!

As a member of Congress, you are already well aware of the problem of Congress members using insider information to buy and sell individual stocks. When lawmakers with the ultimate insider access trade stocks in the very industries they regulate, they lose the trust of all voters. After all, how can the game be fair if the referees are betting on it? According to a 2023 University of Maryland study, 86% of Americans oppose lawmakers trading individual stocks. Clearly, this is a bipartisan problem that requires a bipartisan solution. It’s the rare issue where both progressive Democrats and MAGA Republicans agree it's time to fix it. In January, Democratic Rep. Alexandria Ocasio-Cortez and Republican Rep. Brian Fitzpatrick reintroduced the Bipartisan Restoring Faith in Government Act to prohibit Congress members from trading individual stocks. Now, a larger bipartisan group with competing bills is working together to create a consensus. Whether it’s the Restoring Faith in Government Act, or another bipartisan solution, it’s time to pass legislation to prohibit members of Congress and their families from trading individual stocks, now!

▶ Created on July 28 by Rachel

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