U.S. Sen. Mark Kelly, D-Arizona, has co-introduced a bill to prevent members of Congress from trading stocks.
The Ban Congressional Stock Trading Act requires all members of Congress, their spouses and dependent children to put their stocks in a qualified blind trust or divest the holding. In doing so, Kelly’s office said this ensures members and their family members cannot use inside information to influence trades and profit off those transactions.
“As Americans work hard to keep up with rising costs, the last thing they should have to worry about is whether their elected representatives are using inside information to make a quick buck,” said Kelly in a press release. “This isn’t rocket science; the only way to stop insider trading in Congress is to stop members of Congress from trading stocks. Period.”
Kelly has already placed his assets in qualified blind trusts, released his official Senate schedule and refused corporate PAC contributions for his campaign.
