President Joe Biden lent his voice to growing bipartisan calls on the Hill to end stock trading for congressional members on Tuesday.
“I don’t know how you look your constituents in the eye and know because of the job they gave you, gave you an inside track to make more money,” Biden said during an interview with the left-leaning non-profit news organization, A More Perfect Union. “I think we should be changing the law.”
“Nobody in the Congress should be able to make money in the stock market while they’re in the Congress,” Biden told host Faiz Shakir, a political adviser for Sen. Bernie Sanders.
In July, a bipartisan group of Senators — Democrats Jon Ossoff, Gary Peters and Jeff Merkle, along with Republican Josh Hawley — introduced legislation that would ban members of Congress from selling and buying individual stocks. This legislation would also apply to Senators’ spouses and dependents. Similar bills have also been introduced in the House.