McCarthy floats House member stock trading ban if Republicans win majority

House Minority Leader Kevin McCarthy is reportedly considering ways to limit or ban members of Congress from holding and trading stocks if Republicans win a majority in November’s elections.

The report comes amid renewed debate over whether lawmakers should be permitted to trade stocks, when they can receive policy information before it becomes public knowledge that could affect the markets. McCarthy’s proposal could draw bipartisan support, since lawmakers of both parties have come under scrutiny for their stock transactions.