Senate advances bill banning lawmaker stock trading
CBS News · Less Recent
CBS News
Less Recent
A bill that would prevent lawmakers and future presidents and vice presidents from trading stocks has advanced in the Senate. CBS News congressional reporter Taurean Small has more.
Breakdown
- A Senate committee advanced a bill banning stock trading by lawmakers, presidents, and vice presidents. 3s
- Senator Josh Hawley was the only Republican to support the bill, joining Democrats. 14s
- The bill would require elected officials to divest from stocks and other financial holdings. 1m 7s
- Republicans argue the bill could discourage people from seeking office; some Democrats have not signed on. 2m 25s
- Senate leadership says the bill is unlikely to reach the floor for a full vote soon. 3m 8s