Lofgren signals that stock trading ban will include Supreme Court justices
according to Lofgren, includes members of Congress and the Supreme Court. If enacted, individuals subject to the ban would be prohibited from investing in securities, commodities, futures, cryptocurrency and other similar investments and be banned from shorting stocks. Investments in diversified mutual funds, exchange-traded funds, widely held investment funds and U.S. Treasury or state and local government bills, notes or bonds would, however, be allowed. Officials would have the choice of divesting their holdings or placing them in a qualified blind trust. Lofgren’s framework comes as the House is preparing to consider a lawmaker stock trading ban next week, after months of deliberations on the topic. But it was unclear if Supreme Court justices would be included in the ban. The push for such a prohibition gained supporters on Capitol Hill after reports surfaced that members violated laws meant to prevent financial conflicts of interest. Earlier this month, The New York Times published an extensive report that found nearly 100 lawmakers or their family members made financial trades in the past three years that may be conflicts of interest.
