Biden Endorses Ban on Congressional Stock Trading, Citing Bipartisan Support

Dec 17, 2024, 06:47 PM

President Joe Biden has endorsed a ban on congressional stock trading, stating in an interview that 'Nobody in the Congress should be able to make money in the stock market while they’re in the Congress.' The interview, conducted by Faiz Shakir, a political adviser for Sen. Bernie Sanders, and published by A More Perfect Union, marks a significant shift in Biden's stance on the issue, which he had previously left to Congress to decide. The call for a ban comes as Biden's term nears its end, with only a month remaining in office. The proposal to ban stock trading by members of Congress and their families has been debated on Capitol Hill for years but has not yet received a vote, despite having bipartisan support.