"In the letter, the former federal lawmakers - Democrats, Republicans and independents alike - tell Speaker Mike Johnson (R-La.) and Minority Leader Hakeem Jeffries (D-N.Y.) that passing the Restore Trust in Congress Act would defend against "real and perceived conflicts of interest," as the bipartisan bill in part aims to ban members of Congress and their immediate family members from buying, selling and owning most individual stocks."
"The former members of Congress also wrote that approving the bill would demonstrate "that members of Congress prioritize the institution's integrity and their commitment to their constituents above personal gain" at a time when dozens of members have in recent years violated existing stock-trading rules. They "strongly recommend attaching this legislation to a 'must pass' package" before the end of the year."
Ninety former members of Congress, including 60 Democrats, 28 Republicans and two independents, urged House leaders to pass the Restore Trust in Congress Act to eliminate the appearance of insider trading. The bipartisan bill would ban members of Congress and their immediate family members from buying, selling or owning most individual stocks, aiming to prevent real and perceived conflicts of interest. Signers said passage would show prioritization of institutional integrity and constituent trust over personal gain and recommended attaching the bill to a must-pass package before year-end. High-profile signers included Tom Daschle, Dick Gephardt, Olympia Snowe and Fred Upton.
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