A bipartisan proposal that would ban elected members of Congress and the executive branch from trading stocks while in office advanced out of a U.S. Senate committee this week but faces concerns from some GOP senators over its reach.
The bill passed out of the Senate Committee on Homeland Security and Governmental Affairs with an 8-to-4 vote Wednesday. Georgia Sen. Jon Ossoff, a Democrat who sits on the committee and who earlier proposed a ban on stock trading, was part of the negotiations that led to the compromise bill.
Ossoff touted the bill’s advancement as an important step forward during a virtual press conference Thursday, calling it “essential ethics reform.”
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