The overlooked reason both Democrats and Republicans promote stock trading bans

There is growing bipartisan support for banning members of Congress from trading stocks due to concerns over potential insider trading. Recent polls indicate that a majority of both Democrats and Republicans favor the ban, though Democratic members have largely spearheaded the legislative efforts. The political angle features each party pointing fingers at notable figures from the opposing side; Republicans blame Nancy Pelosi for alleged insider trading, while Democrats criticize Marjorie Taylor Greene for trading stocks amidst market fluctuations. This dynamic adds a partisan twist to the ethical debate over congressional stock trading.

For Republicans, it's long been Speaker Emerita Nancy Pelosi, whose husband, Paul, is a prolific stock trader. 'I watched Nancy Pelosi get rich through insider information,' Trump recently told TIME.

For Democrats, it's now Republican Rep. Marjorie Taylor Greene of Georgia, who recently bought up stocks during a tariff-induced dip. 'So many of these people are crooks, liars, and frauds...'

Polling has consistently shown that majorities of both Democrats and Republicans want to ban congressional stock trading. It’s not just about ethics. It’s also about politics.

'We do need to change the law so that sitting members of Congress cannot trade stock,' House Minority Leader Hakeem Jeffries said on MSNBC earlier this month.

Read at Business Insider