No Option for Stock Trading and Ownership as a Check to Keep congress clean Resolution

NO STOCK Resolution or the No Option for Stock Trading and Ownership as a Check to Keep congress clean Resolution

This resolution revises the Code of Official Conduct of the House of Representatives to prohibit Members, Delegates, and Resident Commissioners from owning the common stock of an individual public corporation.

Bill 117 H.Res. 873, also known as the "No Option for Stock Trading and Ownership as a Check to Keep Congress Clean Resolution," aims to address concerns about potential conflicts of interest among members of Congress. The bill proposes to prohibit members of Congress from owning or trading individual stocks while serving in office.

The rationale behind this resolution is to prevent lawmakers from using their positions for personal financial gain or from being influenced by their investments when making legislative decisions. By eliminating the option for stock trading and ownership, the bill seeks to promote transparency, accountability, and ethical behavior among members of Congress.

If passed, the resolution would require members of Congress to divest any individual stocks they currently own and to refrain from purchasing new stocks while in office. Additionally, it would establish mechanisms for monitoring and enforcing compliance with the prohibition on stock trading and ownership. Supporters of the bill argue that it is necessary to uphold the integrity of the legislative process and to ensure that lawmakers are acting in the best interests of the public rather than their own financial interests. Critics, however, may raise concerns about the potential impact on lawmakers' ability to manage their personal finances and investments. Overall, Bill 117 H.Res. 873 represents an effort to address ethical concerns and to promote good governance within the US Congress by restricting the option for stock trading and ownership among its members.