Rep. Neguse Continues Effort to Ban Members of Congress from Trading Stocks

Washington, D.C. — Congressman Joe Neguse of Colorado’s 2nd District is continuing his efforts to ban Members of Congress from trading stocks by cosponsoring the bipartisan TRUST in Congress Act. Introduced by Representatives Abigail Spanberger (D-VA), Dusty Johnson (R-SD), and Chip Roy (R-TX), the bill requires Members of Congress and their families to place their investments, like individual stocks, in a blind trust during their tenure in Congress—effectively banning Members of Congress from trading individual stocks.

Last year, Rep. Neguse led a bicameral group of lawmakers in calling on House leadership to take up legislation that bans Members of Congress from trading stock. In the 117th Congress, Rep. Neguse sponsored the Ban Conflicted Trading Act – a widely supported piece of legislation – alongside Congressman Raja Krishnamoorthi (D-IL) and Congresswoman Alexandria Ocasio-Cortez (D-NY). 

“Members should be representing the interests of the people they serve, not the stock portfolios they hold. That is why I have long called for a ban on stock trading by Members of Congress, and I intend to redouble those efforts in the 118th Congress,” said Congressman Joe Neguse. “I am proud to join Congresswoman Spanberger and my colleagues in pushing for the swift passage of this common-sense legislation, and will work to find creative pathways to stop Members of Congress from trading stocks.”

The TRUST in Congress Act requires a Member of Congress, their spouse, and dependent children to place stock investments into a qualified blind trust until 180 days after the end of their tenure in Congress. A covered investment under this bill is defined as investment in a security, a commodity, or a future, or any comparable economic interest acquired through synthetic means such as the use of a derivative.