Mike Johnson: ‘I’m in Favor’ of a Ban on Stock Trading for Members of Congress

EXCERPT:

JOHNSON: “I mean, it’s just — people just make a reasonable decision as a family on whether or not they can come and move to Washington, have a residence here, residence at home and do all the things that are required. So, the counter-argument is, and I have some sympathy, look, at least let them, like, engage in some stock trading so that they can continue to, you know, take care of their family. But, on balance, my view is we probably should do that because I think it’s been abused in the past and I think, sadly, a few bad actors discolor it for everyone. And look, we have no tolerance for anything even resembling insider trading or any of this kind of advantage that anybody could take. Zero tolerance for it and we’ll stamp it out ourselves. So that’s why I’m in favor of the policy, but I understand people that have misgivings about that, you know, so we’ll see where it lands.”