House Speaker Nancy Pelosi is working on banning stock trading by lawmakers and senior congressional staff, Punchbowl News reported Wednesday.
Pelosi and House Democratic leaders want to amend the STOCK Act, a 2012 law designed to combat insider trading by requiring timely disclosure of stock transactions, among others, Punchbowl News reported.
It comes after Insider’s “Conflicted Congress” project showed widespread violation of that act.
Pelosi had been under pressure from both Democrats and Republicans, including former President Donald Trump, to take action.
This story is developing. Please check back for updates.