SANATISI Pelosi spokeswoman (Kron) to support the proposed ban on Senator Josh Holie to trading Congress shares. On Wednesday, R-MO was the only Republic to vote with Democrats after the legislation, known as sincere law, by the Internal Security and Government Affairs Committee of the Senate.
D-SAN FRANCICO issued a statement supporting the law, saying: “We must have strong transparency, strong accountability and difficult enforcement of financial behavior in their position because the American people deserve confidence that their elected leaders serve the public interest-and not their personal portfolios.”
“If the legislation is developed to help restore confidence in the government and make sure that those in power are detained at the highest moral standards, then I am proud to support it – regardless of what they decide to call it.”
Holi’s support for legislation, which will prohibit members of Congress, the president and vice president from commercial stocks, appears to attract the anger of the White House. President Donald Trump, who was shouting Holi as a “second Sinator”, said that Holie prevented another suggestion from Sin Rick Scott (R-FLA
President Trump said on social media: “Why will one of the Senator” Republican “Josh Holie, from the great state of Missouri, join all Democrats to prevent review.”
“We have a chance here today to do something that the public wanted to do for decades,” said Holi’s Senate Committee for Internal Security and Government Affairs. “This is the prohibition of members of Congress from taking advantage of the information that, frankly, only members of Congress on buying and selling stocks.”
“Although I can create my colleagues in the formula of legislative shortcuts, I welcome any serious effort to raise moral standards in public service. The sincere act, in its modified form, applies the right to ban stock trade not only to members of the House of Representatives, but now in the president and vice president, as well as I strongly support this legislation and search for voting at home on the ground of the House of Representatives.”
If sincere law will become a law, it will prohibit elected officials, including the president, from buying shares and will be prevented from selling shares for 90 days after the enactment of the law. It also requires the elected officials to strip them of the covered investments at the beginning of their next term in the office.
The Associated Press contributed to this report.