Prohibit Members of Congress from Owning Stocks
It’s time to put an end to members of Congress using their positions of power for personal financial gain. Despite the STOCK Act of 2012, which was supposed to prevent insider trading, abuses persist. Shockingly, 1 in 7 members of Congress violated the STOCK Act, and 97 members traded stocks tied to industries their committees oversee between 2019 and 2021. Even worse, members of Congress outperformed the S&P 500 by an alarming 17.5% in 2022—a clear sign that the system is being abused.
“When members of Congress own and trade stock in companies, they regulate they undermine the democracy that they were elected to serve,” said Debra Perlin, Policy Director at Citizens for Responsibility and Ethics in Washington (CREW).
This erosion of trust in government is why Americans across the political spectrum overwhelmingly support reform. A stunning 86% of Americans, including 87% of Republicans, 88% of Democrats, and 81% of Independents, favor banning stock trading by members of Congress and their families.
Prohibit members of Congress, their spouses, and dependents from owning or trading individual stocks. Pass the Bipartisan Restoring Faith in Government Act.
Shortly before the end of his presidency, Joe Biden threw his support behind this much-needed reform, adding momentum to a growing bipartisan effort. Now, with the introduction of the Bipartisan Restoring Faith in Government Act by Reps. Alexandria Ocasio-Cortez, Brian Fitzpatrick, Joe Courtney, and others, Congress has a critical opportunity to act.
We call on Congress to immediately pass legislation prohibiting members of Congress and their families from owning or trading stocks. Americans deserve leaders who prioritize public service over personal enrichment.
Sign this petition to demand accountability and ensure that our elected officials serve the people—not their portfolios. Let’s restore faith in government and protect our democracy.