Growing frustration is bubbling inside the Republican conference on Capitol Hill as lawmakers question why Congress has still failed to act on legislation banning members from trading individual stocks.
For years, both parties have publicly acknowledged the optics problem: lawmakers have access to sensitive information about legislation, regulations, and economic policy that could potentially influence markets. Despite repeated promises to address the issue, meaningful reform has stalled again and again.
Now, some Republicans say enough is enough.
The latest tension erupted after the House Administration Committee moved forward last month with a proposal authored by Rep. Bryan Steil (R-WI). The measure would allow members of Congress, along with their spouses and dependent children, to keep any stocks they already own but would bar them from purchasing additional individual stocks going forward.
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