Rep Alford introduces PELOSI Act in House

First on the fox: Representative Mark Alford, R-MO, will be presented. , Legislation that would prohibit trading shares in congress on Wednesday, and holds the position of Bill of the Rafik House of Representatives for Senator Josh Holie, R-MO. , “Pelosi law” in the Senate.

The proposed Alford Bill Bill for the legislators and their husbands will prohibit, buy or sell individual shares while they are in office, but it allows investments in various investment funds or funds circulating on the stock exchange or US Treasury bonds. If approved, current legislators will have 180 days to comply with legislation. Likewise, newly elected lawmakers must make compliance within 180 days of moving to office.

“As public officials, we must adhere to ourselves with a higher level and avoid merely the appearance of corruption,” Alford said in a statement. “Unfortunately, many members of Congress participate in suspicious arrow deals based on non -general information to enrich themselves.”

He added, “These total violations of the public confidence explain: We must take a recent action to ban members and their husbands to own or sell individual shares.”

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Under the proposed legislation, legislators who continue to conduct illegal transactions will be required to deliver any profits they have made to the US Treasury. Home or Senate ethics committees A fine can be imposed on these legislators of up to 10 % of each illegal treatment.

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President Donald Trump himself supported the ban on trading Members of Congress In an interview with Time Magazine last month.

President Donald Trump said he would have a ban on Congress on shares of arrows if he reached his office. (AP Photo/Alex Brandon)

He said about a commercial ban: “I saw Nancy Pelosi singing through information from the inside, and I will be fine with her. If they send it to me, I will do that.”

“Will you sign it?” Report pressure.

“Certainly,” Trump answered.

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The Democrats in the House of Representatives also expressed his support for a ban, as the leader of the minority in the House of Representatives, Hakim Jeffrez, threw his weight behind the proposal last week.

Read the full text of the Alford legislation below (App users click here)