Legislators are already bound by the Stop Trading on Congressional Knowledge Act of 2012
https://www.congress.gov/112/plaws/publ105/PLAW-112publ105.htm
and have to report all trades.
According to the video of the press conference
Pelosi responded to a question about banning congressional lawmakers and their spouses from trading individual stocks while serving in congress.
She isn't responding to a question of trusts or any other concepts
She isn't scoffing or whatever "exiting " word makes this sound like some sort of scandalous press conference.
Reporter brought up a journalists report that some members of congress and staffers had violated the stock act and asked if she supported banning congressional lawmakers and their spouses from trading individual stocks while serving in congress.
She said no to the ban. She said she wasn't familiar with the report and then said that "we should be able to participate in a free market economy"
"No, we have a responsibility to report in\on the stock. I'm not familiar with that review but if people aren't reporting they should be...
because this is a free market, we are a free market economy and we should be able to participate."
Do I think legislators should not have the ability from trading stocks?
There are all sorts of ways that you can deal with the risks of legislators and their spouses acting on insider information while allowing them the ability to trade stocks.
30 day wait periods, pre-clearance, reporting and "actual fines" for violations.
what the fuck is with the source article? didn't anyone actually read that?
"House Speaker Nancy Pelosi is defending lawmakers'
ability to own stocks as some progressives call for the practice to be banned for those who hold elected office. "
Seriously....think that one through.