Members of the U.S. Congress, the president, vice president and senior executive branch officials and their relatives will be banned from trading stocks under bipartisan legislation introduced on Tuesday.
Democratic Senator Kirsten Gillibrand said in a brief hallway interview that she and Republican Senator Josh Hawley formally offered the "Ban Stock Trading for Government Officials Act" after unveiling details of the measure earlier this month.
The new bill would not make any exceptions for officials' trading in blind trusts and would impose penalties of varying degrees on members of Congress and executive branch officials. It was unclear when the legislation might be considered in committee or whether it will advance to the full Senate for debate and votes anytime this year.
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