Skip to main content
We may receive compensation from affiliate partners for some links on this site. Read our full Disclosure here.

Matt Gaetz and AOC Join Forces on New Bipartisan Bill

These are strange times we live in.

Congress members Matt Gaetz and Alexandria Ocasio-Cortez are joining forces on a new bipartisan bill which aims to stop lawmakers from taking advantage of the stock market.

The Bipartisan Restoring Faith in Government Act would prohibit members of Congress from owning or trading individual stocks in order to prevent insider trading.

Sponsorship of the bill includes both republicans and democrats.

Gaetz and AOC introduced the bill along with Brian Fitzpatrick and Raja Krishnamoorthi.

Several accusations have arisen over the last several years of congress members partaking in insider trading.

The 2012 STOCK Act allows members to buy and sell stocks so long as their transactions are disclosed and they don’t insider trade.

It is expected that there will be plenty of opposition to the new bill.

The Post Millennial has details on the bill:

A new bill has been introduced in the House of Representatives that aims to prohibit members of Congress from owning and trading individual stocks, in an effort to prevent any potential insider trading scandals.

The bipartisan legislation, called the Bipartisan Restoring Faith in Government Act, is sponsored by both Democrats and Republicans and was introduced by Reps. Alexandria Ocasio-Cortez, Matt Gaetz, Brian Fitzpatrick, and Raja Krishnamoorthi.

The proposed legislation would require lawmakers to place their stocks into blind trusts, which would be managed by an independent trustee who would be responsible for making all investment decisions.

The unusual pairing of Gaetz and AOC has certainly garnered some attention:

The Washington Examiner has more:

Ocasio-Cortez said the ability of members of Congress to trade stock “erodes the public’s trust in government.”

“When Members have access to classified information, we should not be trading in the stock market on it. It’s really that simple,” Ocasio-Cortez said.

Ocasio-Cortez and Gaetz rarely agree on any measure, but Gaetz echoed Ocasio-Cortez’s comments that as long as the public’s concerns about “insider trading hang over the legislative process,” Congress will never “regain the trust” of the United States.

“Members of Congress are spending their time trading futures instead of securing the futures of our fellow Americans,” Gaetz said. “We cannot allow the Swamp to prioritize investing in stocks over investing in our country.”




Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Leave a comment
Thanks for sharing!