U.S. Rep. Angie Craig Working to Ban Stock Trading on Government Property

WASHINGTON, DC –U.S. Representatives Angie Craig (D-MN) and Nancy Mace (R-SC) have introduced bipartisan legislation to ban financial trading by federal employees while on government property.

The bipartisan Prohibition of Financial Trading on Government Property Act would prohibit the buying or selling of any stock, bond, commodity, future, cryptocurrency or other digital asset by the President, Members of Congress and federal employees while on government property. Employees who violate the ban will be subject to disciplinary action.

“It’s illegal to gamble or solicit campaign donations on federal property – stock trading should be no different,” said Rep. Craig. “The American people deserve to know that their representatives and their staff are focused on their official duties, and my bipartisan legislation with Rep. Mace will help give our constituents that peace of mind.”

“Federal government employees should be working on behalf of the people, not using time at work to trade stocks,” said Rep. Nancy Mace. “The American people expect Members of Congress and our staff to get things done when we are on taxpayer time. Banning stock trading on government land and in federal office buildings, much like we’ve done with gambling and soliciting campaign donations, will make sure the government is working when we’re on your dime.”

The Prohibition of Financial Trading on Government Property Act is endorsed by good government groups like the National Taxpayers Union, Citizens for Responsibility in Ethics, Public Citizen and FreedomWorks.

Click here to read the bill.

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