Eight in ten Americans agree on one simple principle: Members of Congress shouldn’t be able to trade stocks using insider information.
But just last year, a handful of Members from both parties made more than $200 million playing the markets. That kind of double standard is exactly why trust in Congress is at an all-time low. It’s also why one of the first bills I introduced was a total ban on congressional stock trading.
Why it matters: If you’re elected to serve the public, you shouldn’t be allowed to use information the public doesn’t have to pad your own wallet. Period.
The problem: For years, leaders in both parties have refused to act because too many are comfortable with a rigged system that benefits them instead of the American people.
That’s why I’m backing the Restore Trust in Congress Act to finally ban Members of Congress and their spouses from trading individual stocks. This isn’t a red or blue issue. It’s about restoring basic integrity in public service.
The good news? Last week, Congress held its first hearing of the year on banning congressional stock trading — a major step toward finally getting this across the finish line.
Bottom Line: Iowans deserve leaders who work for them, not their portfolio. I sold every stock I owned when I took office, and I’ll keep fighting until that’s the rule for every Member of Congress.