President Joe Biden stated that no member of Congress should profit from the stock market while serving, emphasizing the need for a change in law regarding stock trading.
Biden expressed concern about lawmakers using their positions to gain an unfair advantage in the stock market, particularly in light of previous stock sales influenced by insider information.
In discussing his own integrity, Biden noted that he refrained from investing in major tech companies as a senator, stating he lived on his congressional salary.
Despite the proposal to ban congressional stock trading having numerous sponsors, it remains unvoted, highlighting the challenges of implementing such reforms in Washington.
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