Congressional stock trading ban passes through committee as Hawley denies reports of White House pushback

Sen. Josh Hawley's Honest Act banning stock trades by Congress members and the top executive branch offices advanced through committee despite Republican criticism and intraparty tensions.

Sen. Josh Hawley. (Bill Clark/CQ-Roll Call, Inc via Getty Images)

"I like it conceptually," Trump said of the bill. "I don't know about it, but I like it conceptually and, you know, Nancy Pelosi became rich by having inside information. She made a fortune with her husband. And I think that's disgraceful. So in that sense, I'd like it, but I'd have to really see. I'd have, you know — I study these things very carefully, and this just happened. So I'll take a look at it. But conceptually, I like it."

A source familiar with Wednesday's negotiations told Fox News Digital that Hawley negotiated with Democrats while keeping Republicans in the dark, citing multiple pieces of legislation that crossed lawmakers' desks Monday morning that each had different versions of the ban. Hawley faced staunch criticism from his Republican colleagues during the markup process.

"I have no idea what we're voting for," Moreno said. "I have not read the mountains of paper that are sitting in front of me."

HOUSE REPUBLICANS TAKE STEP CLOSER TO BANNING CONGRESSIONAL STOCK TRADING

Sen. Rick Scott was among the Republicans who criticized Hawley's stock trading ban on Wednesday. (Reuters)

Hawley's ban would prohibit lawmakers, the president, vice president and their spouses from holding, purchasing or selling stocks for the duration of their time in office. Officeholders would be allowed to invest in diversified mutual funds, exchange-traded funds, or U.S. Treasury bonds while in office.

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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. The legislation would not apply to the executive offices until the end of Trump and Vance's term.

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.

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