Rep. Bridal Stile says Stop Insider Trading Act would bar members from buying individual stocks
Loading...
Summary
Rep. Bridal Stile described legislation to prohibit members of Congress from buying individual shares while in office, saying leadership has committed to bring the bill to the floor and that it would address the appearance of impropriety.
Bridal Stile discussed legislation he described as the Stop Insider Trading Act, which would prevent members of Congress from purchasing individual shares of stock while serving in office.
He said the proposal is grounded in the principle that elected officials should not trade individual equities while in office: "If you want a day trade, go to Wall Street. Come to Washington to lead this country," he said. Bridal Stile said leadership has committed to bringing the bill to the floor and expressed confidence the measure would pass.
The host framed the discussion as continuing a conversation from December in which Bridal Stile had previously raised concerns about members trading. Bridal Stile characterized the bill as a step to eliminate the appearance of impropriety and said meetings to build support were continuing.
No legislative text, enforcement mechanisms, or implementation timelines were provided in the interview. The segment concluded with Bridal Stile saying he expected the bill to move to the floor when leadership schedules it.
