Milwaukee – Today, Wisconsin U.S. Senate candidate Alex Lasry called for every member of Congress and every Senate confirmed appointee to be required to either divest or put their assets in a blind trust.
“I agree with the proposals to ban individual stock trades by members of Congress, but I don’t think that they go far enough and leave glaring loopholes,” said Lasry. “For example, many mutual funds focus on specific sectors and subsectors of the economy that move the same way as individual stocks and that would effectively defeat the individual stock trading ban.”
Sens. Mark Kelly of Arizona and Jon Ossoff of Georgia recently introduced the Ban Congressional Stock Trading Act that would require Congress members, their spouses and dependent children to either divest or put their investments into a blind trust within 120 days of assuming office.
“Putting assets in a blind trust solves these problems because you have no ability to direct any trades,” continued Lasry. “I have already committed to putting all of my assets in a blind trust as a member of the Senate and I believe all members of Congress should be required to as well.”
The Democratic Primary Election for the United States Senate will be held Tuesday, August 9th, 2022. For more information about Alex Lasry’s campaign, visit www.alexlasry.com.