“House Minority Leader Kevin McCarthy is considering instituting new limits or an outright ban on lawmakers holding and trading stocks and equities if Republicans take the majority in November,” Punchbowl News reports.
“McCarthy told us his planning on this front is in its early stages, and he hasn’t yet decided on what kind of limitations there may be on stock trades or holdings. One idea would be to force lawmakers to hold only professionally managed mutual funds. Another proposal the GOP leadership is considering would bar lawmakers from holding stocks in companies or industries their committees oversee. Other members have advocated for mandatory blind trusts for lawmakers’ holdings.”
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