Biden says he supports a congressional stock trading ban
President Joe Biden said in an interview that he is in favor of a ban on stock trading by members of Congress, taking a position on an issue that has been the subject of discussion and proposed legislation in recent years.
President Joe Biden said in an interview published in part Tuesday that he is in favor of a ban on stock trading by members of Congress, taking a position on an issue that has been the subject of discussion and proposed legislation in recent years.
Speaking with Faiz Shakir, an adviser for Sen. Bernie Sanders, I-Vt., in an interview on the progressive nonprofit news site More Perfect Union, Biden said he did not know how lawmakers could trade stocks in good conscience while representing their states or districts.
“I don’t know how you look your constituents in the eye and know because the job they gave you, it gave you the inside track to make more money,” Biden said.
Shakir noted during the interview that Biden did not own stock during his decades as a senator.
Biden’s remarks Tuesday were the first time he has taken a side on the issue, but it is unclear what impact they could have, given his lame-duck status with just over a month left in office.
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