"My administration will give these forgotten American workers, great people, people that built our country, access to the same type of retirement plan offered to every federal worker. We will match your contribution with up to $1,000 each year."
"As we ensure that all Americans can profit from a rising stock market, let's also ensure that members of Congress cannot corruptly profit from using insider information."
"The pending Stop Insider Trading Act would sharply restrict trading in individual stocks by members of Congress, their spouses, and children, specify exemptions, and increase penalties for late or non-compliant reporting of equities holdings and transactions."
President Trump announced a retirement savings initiative during his State of the Union address to provide workers without employer-sponsored plans access to federal employee retirement accounts with government matching contributions up to $1,000 annually. He also called for stricter congressional insider trading regulations, referencing the pending Stop Insider Trading Act that would restrict stock trading by members of Congress, their spouses, and children while increasing penalties for non-compliant reporting. Trump criticized a Supreme Court ruling invalidating his tariff regime and specifically highlighted concerns about congressional members profiting from non-public information, mentioning former Speaker Nancy Pelosi's stock trading scrutiny.
Read at Fortune
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