Many Americans feel like it is long overdue! The new Bipartisan Ethics Act sets out to crack down on members of Congress and their family members buying and trading stock. For decades, the common man has witnessed the overreach, dereliction of duties, abandonment, and entitlement of those who abuse their powerful political platforms for personal gratification.
Nancy Pelosi, Chuck Schumer, and Adam Schiff have been called out for these illegal activities, but the carnage goes well beyond as both the Democrat and Republican Congress have bastardized the people’s government with their nefarious and demonstrative representation. Just another example of why more astringent term limits should be administered.
These people served in contradiction of their oaths and with their “do as I say and not as I do attitudes” while participating in many dark and backdoor agendas that will soon see the light of day.
Senators Gary Peters (D-MI), Jeff Merkley (D-OR), Jon Ossoff (D-GA), and Josh Hawley (R-MO) discussed introducing the Bipartisan ETHICS Act, which would ban lawmakers and their families from buying and trading stock.
This is a historical act that was actually initiated as an amendment 12 years in the making and one much-needed moving forward into the political arena to prohibit any form of outside compensation and abuse by any bad actors for financial gain, which has proven to be a conflict of interest.
Peters, Merkley, Hawley, and Ossoff Announce Historic Bipartisan Agreement to Advance Legislation to Ban Member Stock Trading – Committee on Homeland Security & Governmental Affairs (senate.gov).
These provisions bar the members of Congress, the President, and the Vice President from buying and selling stocks and financial assets, including security, futures, options, trusts, and other comparable holdings.
Also, this Act will require and include federal elected officials, their spouses, and dependent children to divest any of the assets beginning in 2027. This act will strengthen accountability while providing peace of mind to every American, knowing that Congress is best serving them openly and honestly without any hidden compensation.
It’s a fact that the portfolios of members of Congress do better than most of the S&P 500. The corrupt shenanigans of Senators and members of Congress end with this ETHICS Act. It’s the job of government officials to serve the American public and not their own personal and financial portfolios.
Members of Congress should not be playing the stock market while they legislate laws and have access to privileged and confidential information. This act is long overdue and necessary and was agreed upon by Republicans, Democrats, and Independents. It is being presented to the Homeland Security Committee under the leadership of Chairman Peters to craft a major path forward to ban stock trading by members of Congress.
Congress must serve as a moral and ethical example to the American people; this ETHICS Act is the first step in gaining the support and reassurance once again from “We the People.”
Congress Compensations, Benefits, Allowances, and Selected Limitations are listed here: https://crsreports.congress.gov/product/pdf/RL/RL30064.
Should this Act be accepted into law, it will represent a major historical turning point in transparency and accountability, transformation, and future growth in gaining trust not only between the bipartisan parties but also between Congress and the American people.
The summer of June/July 2024 will also mark the historical beginning of the takedown and shakedown of old government business as we know it, and this includes the agents they employ. “We the People” welcome the decision of the Supreme Court’s Ruling against the Unconstitutional 40-year-old Chevron Deference, which only grew the power and abuse within hundreds of government agencies, especially the three letter agencies.
As we move past summer and into the autumn and winter months of 2024, Americans will witness the historical implosion of these rogue government departments, compartments, and officials. There is overwhelming evidence of the nefarious networks and activities committed against We the People by those morally bankrupt pirates whose names will go down in history as traitors to the Constitutional Republic.
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