President Donald Trump called out insider trading on Capitol Hill during his address, urging Congress to “pass the Stop Insider Trading Act without delay.”’
Trump said, “Let’s also ensure that members of Congress cannot corruptly profit from using insider information. They stood up for that. I can’t believe it. I can’t believe it. Did Nancy Pelosi stand up — if she’s here?” — drawing a reaction in the chamber.
The Pelosis’ financial disclosures have frequently been cited by critics calling for stricter limits on congressional stock trading.
The Stop Insider Trading Act, introduced by Rep. Bryan Steil, would ban members of Congress, their spouses and dependent children from purchasing publicly traded stocks and require advance public notice before any sale, aiming to go beyond the 2012 STOCK Act’s reporting requirements.
Trump also announced a new retirement savings proposal for workers without access to employer matching, promising the federal government would match contributions up to $1,000 a year so more Americans can benefit from market gains.
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