Rep. Alexandria Ocasio-Cortez (D-N.Y.) and two of her House colleagues announced on Monday plans to introduce a bill that would bar members of Congress from trading individual stocks.
"Members of Congress should not be allowed to buy and sell individual stock," said Ocasio-Cortez in a press release.
Sen. Richard Burr (R-N.C.) and Sen. Kelly Loeffler (R-Ga.) allegedly dumped their stocks after attending a closed-door meeting in January.
The STOCK Act officially banned members of Congress from engaging in insider trading, after being signed into law by President Barack Obama.
In addition to banning members of Congress from holding individual stocks, the same restrictions would be placed on their senior staff.
Members of Congress would be required to sell their stocks within six months of the bill becoming law, or refrain from trading the stocks while in office.
The bill was introduced to the Senate by Merkley after former New York congressman Chris Collins was indicted on insider trading charges. »