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Josh Hawley and Jon Ossoff offer bills to end stock trading by members of Congress

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by COINS NEWS 169 Views

Republican Sen. Josh Hawley of Missouri and Democratic Sen. Jon Ossoff of Georgia are introducing competing bills to end stock-trading by members of Congress.

A key difference between the proposals is reportedly that Ossoff's bill includes dependent children β€” who may have access to the same privileged information as their lawmaking parent β€” while Hawley's does not. The two also differ on the enforcement mechanism.

Violators of Ossoff and Kelly's bill would be fined the entirety of their congressional salaries. The freshman senator narrowly defeated former Sen. David Perdue last year amid the Georgia Republican's own stock-trading scandal.

On the other hand, Hawley's bill would require violators to forfeit any profits gained from stock-trading directly to the US Treasury.

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