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The Georgia election shows why both Republicans and Democrats should support a crackdown on stock trading, according to Craig Holman, an ethics lobbyist at progressive think tank Public Citizen. While Loeffler and Perdue were never charged with insider trading, Ossoff and Warnock both used the trades as ammunition to hammer the incumbents and ultimately won by slim margins. Their opponents in the 2021 Georgia special election - Republicans Kelly Loeffler and David Perdue - both faced investigations for trading stocks ahead of the 2020 stock market crash after receiving Senate briefings about the coronavirus.ДЇederal Reserve bans stock trading by top officials in ethics overhaul Ossoff and Warnock in particular appear to owe their political careers to poorly-received Congressional stock trades. Ossoff has criticized the practice, but has yet to sign onto any specific bill. Current rules allow members of Congress and their families to trade stocks as long as they disclose the moves within 45 days, though dozens of lawmakers have failed to file reports on time. News of OssoffвЂ™s potential bill comes as Pelosi and other politicians from both parties catch flak for making millions trading stocks despite potentially being privy to insider information that can move markets. Tom Williams/CQ-Roll Call/Sipa UДЄsked for comment on OssoffвЂ™s potential Congressional ethics bill, spokesman Jake Best said, вЂњDonвЂ™t have anything I can share just yet.вЂќ Chip Roy (R-TX) has united with Democrats to support a ban of stock trades by members of Congress. вЂњMembers of Congress should not be buying call options on Big Tech companies theyвЂ™re in charge of regulating, that is ludicrous.вЂќ Rep. вЂњThese lawmakers are just out of touch with how normal people view the situation,вЂќ Masters told The Post. One person applying such pressure is Arizona Republican Senate primary candidate Blake Masters, who says both Pelosi and Senate Republicans are вЂњwrongвЂќ about the issue. Insiders say that Republicans in the Senate could fold and support an Ossoff-style bill if they feel political pressure. вЂњAs Speaker PelosiвЂ™s recent transactions make clear, decisions made for the people should be separate than decisions made for personal enrichment,вЂќ Roy told The Post. House Speaker Nancy Pelosi has defended stock trading by members of Congress, while her husband Paul has raked in millions of dollars through shares of big tech companies. Mondaire Jones (D-NY) and Karen Bass (D-Calif.), as well as Republicans like Roy, Cloud, Scott Perry (R-Pa.) and Fred Keller (R-Pa.). That would put the new bill more in line with a bipartisan House proposal called the TRUST In Congress Act, which would ban close family members from trading and is supported by Democrats including Rep. OssoffвЂ™s forthcoming bill would be stricter by closing the spouse loophole, the source said. Alexandria Ocasio-Cortez (D-NY) and Cloud, among other Democrats and Republicans.Д«ut the Ban Conflicted Trading Act would only ban trades by members of Congress and their senior staff - not spouses or families - so Paul PelosiвЂ™s stock-picking would remain legal. It also has an accompanying bipartisan House version backed by Rep. Jeff Merkeley of Oregon and OssoffвЂ™s fellow Georgia freshman Raphael Warnock. APДЄnother proposal to curb Congress trades, the Ban Conflicted Trading Act, was introduced in the Senate in March by four Democratic Senators including Sen. Jon Ossoff can introduce the Ossoff ethics bill with help from a Republican co-sponsor.

Michael Cloud and Chip Roy have come out against the practice. But Republican support in the House is more likely, since several GOP House members including Texas Reps.

No Senate Republicans appear to have publicly come out against congressional stock trades, so Ossoff may have trouble finding a co-sponsor in the Senate. It would also likely require lawmakers put their assets in blind trusts - a step that the 34-year-old Ossoff completed himself months after being elected in January 2021.

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The Ossoff ethics bill, which the Democratic freshman Senator plans to introduce once he finds a Republican co-sponsor, would crack down on conflicts of interest by making it illegal for lawmakers and their families to trade stocks while in office, a Washington, D.C. Jon Ossoff is looking to introduce a bill that would ban members of Congress from trading individual stocks - a practice that House Speaker Nancy Pelosi has defended as her husband rakes in millions of dollars trading shares of tech companies, The Post has learned. Supreme Court rejects GOP challenge to House proxy vote rule Some Dems see Congress stock trading ban as вЂrevengeвЂ™ on Joe Manchin House lawmakers call on Pelosi, McCarthy to pass stock trade ban

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