Sign the petition: Ban Congress members from owning or trading individual stocks

With the ability to create or strike down laws, members of Congress have enormous power over numerous industries and the stock market. One yes or no vote can send a slew of government contracts in one direction or another. Many Members of Congress get confidential (and even top-secret) briefings that include market-moving information. The American people have the right to be protected from lawmakers seeking to enrich their own pockets using that power.

It seems like a given that members of Congress shouldn't be allowed to invest in the very industries they oversee. Yet, they do just that. In 2021, 54 members of Congress and at least 182 top staff members violated the STOCK Act, which requires that members disclose financial trades within 90 days. In 2020, 75 lawmakers held stocks in vaccine producers Moderna, Johnson & Johnson, or Pfizer. Most of those trades happened in the early weeks of the pandemic. Fifteen Congress members that have a hand in molding defense policy invest in military contractors. Over a dozen members in key roles shaping energy policy invest in fossil fuel corporations. The list goes on.

To make matters worse, these lawmakers got away with barely a slap on the wrist, using excuses ranging from oversights to clerical errors to inattentive accountants. Congress members who use their power for personal gain have managed to dismantle ethical standards, avoid consequences, and gaslight the public into brushing off moments when personal finances clashed with public duties.

These blatant conflicts of interest are a slap in the face to the voters who elected these members. We need better guardrails in place to ensure transparency and accountability in Congress.

Three in four voters agree that members of Congress should be banned from trading stock. Lawmakers are in Congress to serve, not to gain an unfair advantage in the stock market. Sign the petition: Members of Congress should not be allowed to own or trade individual stock.

Participating Organizations
Andrea Salinas for Congress
Andy Kim for Congress
Dr. Annie Andrews for Congress
Jeff Merkley for US Senate
Josh Remillard for Congress
Val Hoyle for Congress
Broward for Progress
Daily Kos
California Clean Action Money Fund
HAZMAT America
The People United
Progress America