Congresswoman Gwen Moore Statement on Republican Scheme to Disenfranchise Voters, Allow Insider Trading

Congresswoman Gwen Moore Statement on Republican Scheme to Disenfranchise Voters, Allow Insider Trading

"Members of Congress should never use their positions to enrich themselves, including through stock trading. These rules should apply to the White House too, especially given the President has made billions off the presidency! We need to tackle corruption, which is why I support meaningful proposals to strengthen rules against insider trading by Congress and other officials.

Unfortunately, Rep. Steil's legislation is not a congressional stock ban, it's an empty gesture disguised as a serious proposal. Though it imposes some limited new restrictions, Members and their close family members would still be able to hold and sell stocks. While the bill does limit some securities purchases, it does not prohibit all of them. And it fails to keep the President, his family, and other high level Executive Branch officials from engaging in and profiting from the same conduct. All elected officials should be acting in the interest of the American people, not their investments.

While Republicans fail to meaningfully address concerns about insider trading, they are working to disenfranchise ordinary Americans at the ballot box. I continue to be disappointed that Rep. Steil, who represents my birthplace of Racine, is the architect of such voter suppression legislation, like the Voter ID Act and the so-called SAVE America Act. It is obvious that Republicans are coordinating with the Trump administration to undermine and rig the midterms. I will continue opposing their scheme."