AOC and Matt Gaetz join forces on bill to ban lawmakers from owning stock

A new bill has been introduced in the House of Representatives that aims to prohibit members of Congress from owning and trading individual stocks, in an effort to prevent any potential insider trading scandals.

The bipartisan legislation, called the Bipartisan Restoring Faith in Government Act, is sponsored by both Democrats and Republicans and was introduced by Reps. Alexandria Ocasio-Cortez, Matt Gaetz, Brian Fitzpatrick, and Raja Krishnamoorthi.

The proposed legislation would require lawmakers to place their stocks into blind trusts, which would be managed by an independent trustee who would be responsible for making all investment decisions.