After months of moral panic, House Democrats released a bill this week to ban federal officials from owning individual shares, but its sheer breadth is food for thought. There is little evidence that this addresses any real problem while discouraging successful people from seeking or holding public office.
The bill would prohibit federal officials from holding individual investments unless they are in a qualifying blind trust. There are some exceptions, e.g. B. for “a diversified mutual fund” or “a diversified exchange-traded fund” and for “an interest in a small business or family business that does not present a conflict of interest. ” But no trading in shares of famous or obscure companies.
https://www.wsj.com/articles/the-democratic-stock-trading-ban-house-democrats-bill-congress-public-officials-11664489481 The Democratic Stock Trading Ban