In a newly released interview, President Biden finally voiced his support for a ban on congressional stock trading, a long-debated issue in Washington. Biden stated that no member of Congress should be able to profit from the stock market while in office.
President Joe Biden endorsed a ban on congressional stock trading in an interview that’s being released this week, belatedly weighing in on an issue that has been debated on Capitol Hill for years. “Nobody in the Congress should be able to make money in the stock market while they’re in the Congress,” Biden said., and published by A More Perfect Union, a pro-labor advocacy and journalism organization. The Associated Press reviewed a video of the interview before its release.
The Democratic president spoke to Shakir about his economic legacy, which includes supporting unions, investing in clean energy projects and signing infrastructure. But Shakir also asked about congressional stock trading, which has been a catalyst for populist anger at Washington.Although lawmakers are required to disclose stock transactions exceeding $1,000, they’re routinely late in filing notices and sometimes don’t file them at all. Shakir said he admired Biden for having not “gone in early on Google, and Boeing, and Microsoft, and Nvidia, and, you know, Amazon” while he was a U.S. senator from Delaware, a position he held for 36 years.“I don’t know how you look your constituents in the eye and know, because the job they gave you, gave you an inside track to make more money,” he said. “I think we should be changing the law.”served as White House press secretary two years ago, she said Biden would “let members of leadership in Congress and members of Congress determine what the rules should be.” If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with ou
CONGRESSIONAL STOCK TRADING BIDEN WASHINGTON ECONOMY ETHICS
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