Market
What will be the primary reason cited for or against the stock trading ban by December 31, 2025?
2
Resolution / Starting Odds
Ethics Concerns • 25%
Economic Impact • 25%
Insufficient Support • 25%
Other Reason • 25%
Public statements and news analysis
Story
Biden Urges Ban on Congressional Stock Trading After Lawmakers Earned $204 Million
Dec 17, 2024, 05:52 PM
President Joe Biden has endorsed a ban on congressional stock trading, stating that "nobody in Congress should be able to make money in the stock market while they're in the Congress." In an interview set to be released this week, Biden emphasized, "I think we should be changing the way the system works" to restore public trust in lawmakers. He called out members of Congress who leverage their "inside track" for financial gain, highlighting concerns over ethics and transparency. This marks the first time Biden has publicly taken a stance on the issue, which has been debated on Capitol Hill for years. According to estimates by Quiver Quantitative, members of Congress have made approximately $204.4 million in the stock market this year.
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