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Raja Krishnamoorthi asks Speaker Johnson for vote to ban stock trading

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Raja Krishnamoorthi asks Speaker Johnson for vote to ban stock trading


EXCLUSIVE — Speaker Mike Johnson (R-LA) is being pressed by a House Democrat to call up legislation to ban members of Congress and their families from trading stocks, an issue that has received broad support from both sides of the aisle.

Rep. Raja Krishnamoorthi (D-IL) sent a letter, obtained exclusively by the Washington Examiner, to Johnson on Monday to express “deep concern” that members of Congress’ stocks benefited from the “market volatility” that came with President Donald Trump‘s “Liberation Day” tariffs that are currently under a 90-day pause.

Krishnamoorthi, who is the ranking member of the House Select Committee on the Chinese Communist Party, said the president’s partial reversals on his tariffs “presented a clear opportunity for those with advance knowledge” to “reap significant financial benefit by trading stocks accordingly.” He also pointed to Trump’s Truth Social post that said, “IT’S A GREAT TIME TO BUY!!!” before he announced some pauses and lower rates.

“This is only the latest in a series of controversies in which elected officials are perceived to be using their unique access to non-public information to engage in unethical and improper behavior like insider trading,” Krishnamoorthi wrote.

He asked Johnson to schedule a vote to pass his “Bipartisan Restoring Faith in Government Act,” one of many pieces of legislation that seeks to ban stock trading for congressional lawmakers and their relatives. He co-authored the legislation with Reps. Brian Fitzpatrick (R-PA), Cory Mills (R-FL), and Alexandria Ocasio-Cortez (D-NY).

“It is our responsibility to ensure that Members are serving the American people and not day trading stocks and profiting from the position to which they are elected,” Krishnamoorthi said.

Banning stock trading has been a bipartisan target for several years, despite former Speaker Nancy Pelosi (D-CA) being strongly against a ban during her time as the leader of the House Democratic Party.

But the calls for preventing unfair stock trading by lawmakers grew after public disclosures found that Rep. Marjorie Taylor Greene (R-GA) purchased stocks during a tariff-induced dip in the market that later rose in value after Trump partially reversed his executive action. Democrats have accused many other Republicans of “market manipulation” due to Trump’s push to buy ahead of the pause on tariffs.

“No Member of Congress should be allowed to profit from non-public information—especially during market swings fueled by President Trump’s reckless tariff policies that are hurting everyday families,” Krishnamoorth said in a statement to the Washington Examiner. “The American people deserve leaders focused on service, not personal profit. It’s time to hold a vote and pass our bipartisan stock trading ban now.”

The longtime issue has received pushes from both Democrats and Republicans over the years. The STOCK Act, signed into law in 2012, prohibits members from acting on insider information and requires them to report their trades within 45 days. However, the law is more of a slap on the wrist rather than a binding offense, with only a penalty fine of $500. Members have received no punishments for the violations, either.

Other legislation that is similar to Krishnamoorthi’s bill is the TRUST Act, introduced by Reps. Chip Roy (R-TX) and Seth Magaziner (D-RI). The piece of legislation has 63 cosponsors as of Tuesday, compared to eight cosponsors on the Bipartisan Restoring Faith in Government Act.

If Johnson called a vote on a ban on stock trading in Congress, he would have support from House Minority Leader Hakeem Jeffries (D-NY). Jeffries extended his support for a ban despite his predecessor, Pelosi’s, feelings on the issue.

JEFFRIES BACKS STOCK TRADING BAN FOR LAWMAKERS PREVIOUSLY SHUNNED BY PELOSI

“One, we do need to change the law so that sitting members of Congress cannot trade stock, period. Full stop,” Jeffries said last week. “And until we get to that point, we obviously have to continue to highlight why this is problematic. And if Republicans are unwilling to hold a hearing on this matter, I can assure you Democrats will, on Capitol Hill, in partnership with the Senate. And we also will take this matter on the road.”

The Washington Examiner reached out to Johnson for comment.



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Trent Alexander-Arnold: Curtis Jones pays tribute to Liverpool team-mate

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Trent Alexander-Arnold: Curtis Jones pays tribute to Liverpool team-mate

Liverpool midfielder Curtis Jones pays tribute to his departing team-mate Trent Alexander-Arnold following the Reds final game of the season a 1-1 draw against Crystal Palace at Anfield.

MATCH REPORT: Liverpool 1-1 Crystal Palace

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Football gossip: Garnacho, Mitoma, Gyokeres, Martinez, Raya, Mason

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Football gossip: Garnacho, Mitoma, Gyokeres, Martinez, Raya, Mason

Napoli want to sign Alejandro Garnacho after missing out on the Argentine in January, Arsenal join Bayern Munich in the pursuit of Kaoru Mitoma, Viktor Gyokeres will leave Sporting this summer.

Napoli sporting director Giovanni Manna is set to meet with Manchester United over a possible deal for 20-year-old Argentina winger Alejandro Garnacho, who was the subject of a rejected £40m bid from the Italian champions in January. (i paper), external

Arsenal have joined Bayern Munich in the race to sign Brighton‘s 28-year-old Japan midfielder Kaoru Mitoma. (Sky Germany), external

Sweden forward Viktor Gyokeres will leave Sporting this summer. The 26-year-old is linked with Arsenal and Chelsea and has an agreement with the Portuguese club to allow him to leave for less than his £84m release clause. (Sky Sports), external

Arsenal want Aston Villa‘s Argentina goalkeeper Emiliano Martinez, 32, to return to the club amid interest from Real Madrid in their 29-year-old Spain shot-stopper David Raya. (Sun), external

Tottenham assistant manager Ryan Mason is the leading candidate to become West Brom boss. (Talksport), external

Leicester City have made a bid to sign 18-year-old Guinean forward Abdoul Karim Traore from French club Bourg-en-Bresse. (Foot Mercato – in French), external

Arsenal want Ghana defensive midfielder Thomas Partey to remain with the club beyond his current deal, which expires in the summer, despite being linked with Real Sociedad’s 26-year-old Spain midfielder Martin Zubimendi. (football.london), external

Napoli have offered 33-year-old Belgium midfielder Kevin de Bruyne a £23m salary over a three-year deal following his departure from Manchester City this summer. (Fabrizio Romano), external

Napoli president Aurelio de Laurentiis has confirmed the club’s interest in De Bruyne. (II Mattino, via Mirror), external

Arsenal sporting director Andrea Berta has held talks with AC Milan winger Rafael Leao, 25, in a bid to persuade him to move to Emirates Stadium this summer. (TeamTalk), external

Norwich City have approached Bristol City manager Liam Manning over potentially taking charge at Carrow Road next season. (Telegraph – subscription required), external

Arsenal have made an offer to sign 21-year-old RB Leipzig forward Benjamin Sesko. (Fichajes – in Spanish), external

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Ruud van Nistelrooy: Leicester manager says ‘no talks’ yet on future

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Ruud van Nistelrooy: Leicester manager says 'no talks' yet on future

Leicester manager Ruud van Nistelrooy says he has not yet had any talks with the club about his future but that they “need to happen”.

The Dutchman signed a contract until June 2027 and is understood to want to remain in charge of the Foxes, but reports say former Southampton boss Russell Martin is a contender to take his job.

Already relegated Leicester bowed out of the Premier League on Sunday with a 2-0 defeat at Bournemouth.

The Leicester boss said he “hopes to speak” with the club about his future following relegation to the Championship.

“I would like to talk and that’s the first thing that needs to happen,” he told BBC Match of the Day.

“It’s been silent and it’s something towards the end of the season, get things done with and then I expect to hear something.”

Leicester finished the season in 18th place, 13 points adrift of safety, and were relegated in April.

He added: “It’s important to start talking and to see how we look into the future. It’s what you need to find out. So far there hasn’t been any conversation but I’m waiting for that to happen.”

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