It’s no surprise that politicians and senior officials are well-connected people and have the inside track on new legislation that might affect a company or an industry. Looking for consistent returns? You could be the landlord of Walmart, Whole Foods and Kroger (and collect income every quarter)Ī TikToker paid off $17,000 in credit card debt by cash stuffing - can it work for you? Want to invest your spare change but don't know where to start? There's an app for that If it’s passed, several people who hold senior public positions won’t be allowed to own or trade securities, commodities, futures, crypto currencies or other digital assets.īut election day is around the corner, and with pollsters predicting Democrats could lose ground in both the House of Representatives and the Senate, the future of this bill seems more uncertain than ever. The bill, called the Combating Financial Conflicts of Interest in Government Act, is an attempt to limit conflict of interest for public office holders and their families when it comes to their investments. With the midterm elections fast approaching, a number of priorities have taken the backseat as lawmakers fight to hold onto their seats in Congress.Īmong the sidetracked legislation is a bill introduced by Democrats in September that would ban senior government officials from owning and trading stocks.
The calls are coming from inside the House: Does Nancy Pelosi have any hope of passing her ‘kitchen-sink package’ limiting legislators from stock trading once the midterms are over?
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