Roy, Magaziner introduce bipartisan bill banning Congressional stock trading

Representatives Chip Roy, R-Texas, and Seth Magaziner, D-Rhode Island, introduced bipartisan legislation Monday aimed at prohibiting members of Congress and their families from trading individual stocks and other financial assets.

The bill, H.R. 5106, known as the Restore Trust in Congress Act, consolidates several previously proposed measures addressing stock trading by elected officials.

It would bar members, their spouses, dependent children, and trustees from owning or trading individual stocks, commodities, futures, or comparable financial interests, with exceptions for widely held mutual funds, ETFs, government bonds, small business interests and certain other assets.