Throughout this year, the US government has taken strides to changing how affairs are handled amongst federal elected officials. To that end, US Congressman Ro Khanna has unveiled a daring bill that would significantly revolutionize the status quo. Titled the bill to ban stock trading in Congress, Khanna revealed the bill’s five main points on (formerly Twitter). At its essence, the bill seeks to remove the ability of stock trading from Congress members and their spouses and introduces restrictions on lobbyist and political action committee (PAC) donations. Moreover, it will dissuade members of Congress from Accepting employees in such roles after leaving office.
As illustrated, the bill would bring fresh taxornomy to congressional members’ trading. Khanna deemed the bill as a plan to “clean up the corruption in Congress” while simultaneously proposing term limitations for both Congress and members serving in the US Supreme Court. Furthermore, he hopes to make permission a resolution for a uniform code on judicial ethics to help seal potential loopholes.
Yesterday, Khanna presented the legislation and emphatically argued for its sea change potential. All in all, the proposed reform signals both drastic and sweeping changes for the American political system. Will Congress act upon these newly proposed plans? Only time will tell.
