- At least 9 members of Congress sold banking stocks before and during market turmoil last month.
- Josh Gottheimer, a New Jersey Democrat and a member of the House financial services committee sold Silicon Valley Bank stock before it failed.
- Advocacy groups question whether allowing government officials to own or trade stocks might present a conflict of interest with their official duties.
- Legislation to place limitations on congressional owning or trading in individual securities has stalled in recent years.
- Sherrod Brown, a Democratic US senator from Ohio, has introduced a bill that aims to restrict owning stocks, commodities, and futures by members of Congress.
At least 9 members of US Congress sold bank stocks amid turmoil last month
Disclosures show one representative on the House financial services committee sold SVB shares a day before it collapsed
Madison Darbyshire
/cloudfront-us-east-2.images.arcpublishing.com/reuters/6W5WJY7T4NLKVFJO5JX37LPYS4.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/OGBROYPEZVMVNLCKMBDIE2XJCE.jpg)
