Rep. Anna Paulina Luna, R-Fla., introduced a resolution Friday to advance a bill that would end stock trading by members of Congress, moving it from committee to a direct floor vote.
Luna filed a discharge petition regarding the End Congressional Stock Trading Act, a bill sponsored by Rep. Tim Burchett, R-Tenn. The measure would prohibit members of Congress, their spouses, and their dependent children from trading or owning individual stocks, bonds, commodities, derivatives, hedge funds, or other complex investment vehicles.
A discharge petition is used to advance a bill that has been stalled in a House committee for 30 legislative days. To succeed, it would need a majority of 218 signatures, but it is often used as a strategic move to pressure leadership or build public and congressional support.
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