Sen. Josh Hawley is renewing his push to ban lawmakers from trading stocks while in office. (screencap from Forbes footage)
Hawley's ban would prohibit lawmakers and their spouses from holding, purchasing or selling stocks for the duration of the lawmaker's time in office. Lawmakers would be allowed to invest in diversified mutual funds, exchange-traded funds, or U.S. Treasury bonds while in office.
If passed, current lawmakers would have 180 days to comply with the legislation. Likewise, newly elected lawmakers must achieve compliance within 180 days of entering office.
President Donald Trump says he would sign legislation banning members of Congress from trading stocks while in office. (AP/Alex Brandon)
"I watched Nancy Pelosi get rich through insider information, and I would be okay with it. If they send that to me, I would do it," he said of a trading ban.
"You'll sign it?" the reporter pressed.
"Absolutely," Trump responded.
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Democrats in the House of Representatives have also expressed support for a ban, with House Minority Leader Hakeem Jeffries throwing his weight behind the proposal last week.
Anders Hagstrom is a reporter with Fox News Digital covering national politics and major breaking news events. Send tips to Anders.Hagstrom@Fox.com, or on Twitter: @Hagstrom_Anders.
https://www.foxnews.com/politics/hawley-reignites-pelosi-act-push-ban-lawmakers-from-trading-stocks