House Minority Leader Kevin McCarthy (R-CA) is reportedly considering instituting restrictions, including a potential “outright ban,” on lawmakers being able to hold or trade stocks if Republicans win back the majority in this year’s midterm elections.
“McCarthy told us his planning on this front is in its early stages, and he hasn’t yet decided on what kind of limitations there may be on stock trades or holdings,” Punchbowl News reported. “One idea would be to force lawmakers to hold only professionally managed mutual funds. Another proposal the GOP leadership is considering would bar lawmakers from holding stocks in companies or industries their committees oversee.”
“Other members have advocated for mandatory blind trusts for lawmakers’ holdings,” the report added. “There’s been renewed debate in recent months over putting