Roll Call - GOP senators sparred with fellow Republican Josh Hawley on Wednesday over a Hawley-authored bill that would ban trading and ownership of stocks and certain other assets by lawmakers, the president and vice president and their spouses and dependent children.
The Homeland Security and Governmental Affairs Committee approved the bill on a slim 8-7 vote after earlier adopting a Hawley substitute amendment that extended the prohibitions beyond just members of Congress, reaching into the Oval Office.
The compromise amendment would give officials elected before the date of enactment until after their current term to divest their assets. So President Donald Trump and Vice President JD Vance would need to sell their holdings in 2029 — exempting Trump from the requirements, since this is his last term — current House members would have until 2027, and so forth....
The measure would bar lawmakers, the president and vice president from buying and selling stocks and other “covered investments” such as commodities, futures, cryptocurrencies and corporate bonds, upon enactment. Newly elected officials after enactment would have 90 days to sell existing assets.
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