The senatorial committee adopts the prohibition of Hawley Honest Act -Act exchanges for Congress
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On Wednesday, a long-awaited stock market negotiation prohibition was adopted by the Senate Committee for Internal Security and Government Affairs, the Democrats of the Committee joining the Sponsor of the Bill, Senator Josh Hawley, R-MO., To send the bill to the Senate soil.
Hawley initially presented the “Pelosi law” earlier this year, but what was finally adopted by the vertiginous marking process on Wednesday is the honest act. The two laws prohibit all members of the Congress and their spouses to negotiate actions during their mandate, in addition to filling various gaps around direct trades. The critical difference between the two bills is that the honest act also prohibits the president and the vice-president from doing trades during his functions. This provision will only come into force after President Donald Trump and vice-president JD Vance leave the office.
Media reports said on Wednesday morning that the White House had rejected this provision once they had the wind, but Hawley told Fox News Digital in an interview that he had never heard such messages from the administration and “certainly no Trump”. Hawley was the only republican committee to vote in favor of the bill, despite a former co-sponsor of the Pelosi law, Senator Bernie Moreno, R-Ohio, sitting the committee.
Trump reacted to Hawley Bill’s progress at a press conference on Wednesday. He reiterated his support for a prohibition to negotiate the actions of the congress, but refused to approve the legislation. He did not directly comment on the inclusion by the prohibition of the best management offices.
Senator Josh Hawley. (Bill Clark / CQ-Roll Call, included via Getty Images)
“I love him conceptually,” said Trump about the bill. “I do not know about this, but I like her conceptually and, you know, Nancy Pelosi has become rich in interior information. She made a fortune with her husband. And I think it’s shameful. So, in this sense, I would like her, but I should really see. I have it, I know, I study these things very carefully, and I have it.
A familiar source with Wednesday negotiations told Fox News Digital that Hawley had negotiated with the Democrats while keeping the Republicans in the dark, citing several laws which crossed the offices of the legislators on Monday morning that everyone had different versions of the ban. Hawley faced solid criticism from his republican colleagues during the marking process.
“I have no idea what we are voting for,” said Moreno. “I haven’t read the mountains of paper sitting in front of me.”
President Donald Trump says he supports “conceptually” Hawley’s ban on actions trading. (Jacquelyn Martin / AP Photo)
Senator Rick Scott, R-Fla., One of the richest members of the Congress, pointed out: “I do not know when in this country, he became negative to earn money.”
“I don’t mind that anyone is rich. It bothers me to become rich while they are there and negotiate actions,” replied Hawley.
After the hearing, journalists interviewed Hawley about the criticisms of his republican colleagues more widely.
“They don’t want to ban trading in actions. I just think it’s a mistake,” he replied.
The current versions of the GOP of the prohibition to negotiate actions moving by the House of Representatives do not include the President and the Vice-President.
Senator Rick Scott was one of the Republicans who criticized the ban on Hawley’s action on Wednesday. (Reuters)
Hawley’s ban would prohibit the legislators, the president, the vice-president and their spouses to hold, buy or sell shares for the duration of their mandate. Office holders would be authorized to invest in diversified mutual funds, stock market negotiated funds or US treasury bonds during their function.
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If they are adopted, current legislators would have 180 days to comply with the legislation. Likewise, newly elected legislators must comply within 180 days of the entry into office. The legislation would not apply to executive offices until the end of Trump and Vance’s mandate.
