Rep. Bryan Steil will hold a hearing next week to examine whether members of Congress should be banned from trading individual stocks. (Bill Clark/CQ-Roll Call, Inc via Getty Images; Francesca Volpi/Bloomberg via Getty Images)
The hotly debated topic of whether members should be allowed to trade individual stocks will be at the forefront of next Wednesday’s hearing, as some members have been outspoken against trading and have introduced legislation to adjust the current laws as recently as this Congress.
Rep. Chip Roy, R-Texas, has already introduced legislation to ban stock trading in his bill, the Restore Trust in Congress Act, which would bar active trading for members and those in their immediate families. While Roy does not serve on the House Administration Committee, he has not been shy about the issue.
Rep. Nancy Pelosi has announced her retirement from Congress. (John Lamparski/Getty Images)
While Pelosi has announced her plans to retire from her seat, there are a number of members who actively trade stocks and currencies.
Some argue that banning stock trading for members of Congress might disincentivize individuals in the banking industry who might otherwise be fit for the job from running for office.
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Determining the best way to regulate trading, if at all, will be a highlight of the discussion that will take place at next week’s congressional hearing.
Fox News Digital reached out to Pelosi's office for comment but did not receive a response.
Preston Mizell is a writer with Fox News Digital covering breaking news.
https://www.foxnews.com/politics/congress-hold-hearing-member-stock-trading-amid-pelosis-reported-130-m-windfall