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U.S. Rep. Abigail Spanberger (D-Va.) slammed House Speaker Nancy Pelosi on Friday for a failure of leadership after she refused to address legislation that would have imposed tougher stock trading restrictions on members of Congress.
(Video Credit: The Hill)
The legislation is personal to Spanberger who has been working on it since 2020. Her goal was to strengthen the provisions of the STOCK Act, a 2012 law that prohibits Congress members from using insider information to profit from stock trading, according to Fox News . At one point this year, support for a full ban on trading by lawmakers gained momentum but the Virginia Democrat claims that Pelosi and other Democratic leaders scuttled it.
“[A]fter first signaling her opposition to these reforms, the Speaker purportedly reversed her position,” Spanberger asserted. “However, our bipartisan reform coalition was then subjected to repeated delay tactics, hand-waving gestures, and blatant instances of Lucy pulling the football.”
“This moment marks a failure of House leadership — and it’s yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill,” she charged, according to Fox News. Rep. Spanberger, who initially introduced a version of the politician stock trading ban, has […]
Read the whole story at www.bizpacreview.com
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