Elizabeth Warren revives debate on ban on share ownership for new Congress to…

Elizabeth Warren revives debate on ban on share ownership for new Congress to…

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Senator Elizabeth Warren (D-Mass.) has reiterated the need to put an end to members of Congress trade or own stocks while in office.

“Let’s start the new year and the new Congress on the right foot. Let’s end lobbying as we know it. Let’s lock the revolving door. And let’s ban members of Congress and their spouses from owning or trading individual stocks,” she said in her tweet.

Also read: Nancy Pelosi has lost money on 75% of recent trades: This is where it went wrong

Notably, after the midterm elections, Republicans will take control House of Representatives from Tuesday, albeit with a narrow majority.

In February 2022, Warren was dating Senator Steve Daines (R-Mont.), Senator Marsha Blackburn (R-Tenn.) and Sen. Debbie Stabenow (D-Mich.) introduced new, bipartisan legislation to prohibit it Members of Congress and their spouses from owning and trading shares. The law is the first bipartisan proposal in the Senate to bar congressmen from owning and trading stocks.

“No one should ever have to wonder if their congressman is working for the public interest or their own financial interest. I’ve fought for years to root out corruption in Washington and to ban federal officials from owning and trading individual stocks,” Warren said.

About education: The Massachusetts senator also reiterated the need to lower the cost of education.

“Sixty years ago, in 1963, the average tuition at four-year public colleges was $243 a year. Today, tuition and fees average $9,377 domestically and $27,091 internationally. I will continue to fight to bring that cost to zero and make higher education accessible to all,” she tweeted.

Continue reading: Alibaba, Nio Slip: Hang Seng marks weak start to 2023 after dismal Chinese factory activity data

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