Latest news with #HouseCommitteeonEthics
Yahoo
04-05-2025
- Business
- Yahoo
Rep. Bresnahan introduces legislation to ban stock trades
May 3—WILKES-BARRE — U.S. Rep. Rob Bresnahan Jr. said this week the public should never have to question whether their elected officials are serving the public or their own portfolios. Bresnahan, R-Dallas Township, announced his introduction of the Transparency in Representation through Uniform Stock Trading Ban (TRUST) Act — legislation to ban stock trading for Members of Congress. Rep. Bresnahan said the TRUST Act would bar Members of Congress and their spouses from purchasing or selling stocks upon taking office. "I am introducing the TRUST Act to restore the integrity Americans expect and deserve from their government," Rep. Bresnahan said. "This legislation allows for new levels of transparency and is a safeguard to ensure Washington works for the people." If enacted, Rep. Bresnahan said the legislation would go into effect at the start of the 120th Congress in January 2027. To comply with his new legislation, Rep. Bresnahan said he is working with the House Committee on Ethics to move his personal holdings into a blind trust. "Members of Congress should not be allowed to profit off the information they are entrusted with — this is a belief I have held since before taking office, and this belief has not changed," Rep. Bresnahan said. "I have never traded my own stocks, but I want to guarantee accountability to my constituents. That is why I am working with House Ethics to begin the process of enacting a blind trust. I want the people I represent to trust that I am in Congress to serve them, and them alone." According to Rep. Bresnahan, the TRUST Act would: —Apply to members and their spouses. —Require that, upon assuming office, members and their spouses may not purchase or sell covered financial instruments, including a security, security future, commodity, and other comparable economic interests (derivative, options, warrants, etc.) —Require that, upon assuming office, members and their spouses would only be allowed to purchase, hold, and sell diversified mutual funds, diversified ETFs, investments in the Thrift Savings Plan (TSP), and US Treasuries. —Subject Members who purchase or sell a covered financial instrument while in office to fines and penalties. Rep. Bresnahan said the legislation would not require members and their spouses to divest of existing covered financial instruments — any covered financial instrument a member and their spouse own upon assuming office are grandfathered in. Additionally, he said the legislation would not apply to covered financial instruments held in a qualified blind trust. Reach Bill O'Boyle at 570-991-6118 or on Twitter @TLBillOBoyle.
Yahoo
04-05-2025
- Business
- Yahoo
Rep. Bresnahan introduces legislation to ban stock trades
May 3—WILKES-BARRE — U.S. Rep. Rob Bresnahan Jr. said this week the public should never have to question whether their elected officials are serving the public or their own portfolios. Bresnahan, R-Dallas Township, announced his introduction of the Transparency in Representation through Uniform Stock Trading Ban (TRUST) Act — legislation to ban stock trading for Members of Congress. Rep. Bresnahan said the TRUST Act would bar Members of Congress and their spouses from purchasing or selling stocks upon taking office. "I am introducing the TRUST Act to restore the integrity Americans expect and deserve from their government," Rep. Bresnahan said. "This legislation allows for new levels of transparency and is a safeguard to ensure Washington works for the people." If enacted, Rep. Bresnahan said the legislation would go into effect at the start of the 120th Congress in January 2027. To comply with his new legislation, Rep. Bresnahan said he is working with the House Committee on Ethics to move his personal holdings into a blind trust. "Members of Congress should not be allowed to profit off the information they are entrusted with — this is a belief I have held since before taking office, and this belief has not changed," Rep. Bresnahan said. "I have never traded my own stocks, but I want to guarantee accountability to my constituents. That is why I am working with House Ethics to begin the process of enacting a blind trust. I want the people I represent to trust that I am in Congress to serve them, and them alone." According to Rep. Bresnahan, the TRUST Act would: —Apply to members and their spouses. —Require that, upon assuming office, members and their spouses may not purchase or sell covered financial instruments, including a security, security future, commodity, and other comparable economic interests (derivative, options, warrants, etc.) —Require that, upon assuming office, members and their spouses would only be allowed to purchase, hold, and sell diversified mutual funds, diversified ETFs, investments in the Thrift Savings Plan (TSP), and US Treasuries. —Subject Members who purchase or sell a covered financial instrument while in office to fines and penalties. Rep. Bresnahan said the legislation would not require members and their spouses to divest of existing covered financial instruments — any covered financial instrument a member and their spouse own upon assuming office are grandfathered in. Additionally, he said the legislation would not apply to covered financial instruments held in a qualified blind trust. Reach Bill O'Boyle at 570-991-6118 or on Twitter @TLBillOBoyle.
CBS News
24-04-2025
- Politics
- CBS News
GOP House Majority Whip Tom Emmer calls for ethics investigation into DFL Rep. Angie Craig's town hall stops
Amid Democratic Minnesota U.S. Rep. Angie Craig's town hall stop on Wednesday in St. Cloud, Republican House Majority Whip Tom Emmer — who represents the area —wants the House to launch an ethics investigation into her. Craig is among several Democrats, along with Minnesota Gov. Tim Walz, who have been making town hall stops in GOP-led districts to highlight the absence of Republican leaders at local events during the first months of President Trump's second term. "Every single Minnesotan deserves someone from Washington to come here and tell you what is happening," Craig told the crowd Wednesday in St. Cloud. On Wednesday, Emmer — and fellow House Republican delegation members Brad Finstad, Michelle Fischbach and Pete Stauber — sent letters to the House Committee on Ethics and the Committee on House Administration urging a review of possible ethics violations by Craig. They claim Craig is using her taxpayer-funded office to bring attention to campaign events and fundraising. "This misuse of public resources erodes the trust Americans place in their elected officials and undermines the integrity of our institutions, which is why we are calling on the House Ethics Committee and the Committee on House Administration to thoroughly review Rep. Craig's conduct," the letter states. Craig's office released this statement on the matter on Wednesday: "Minnesota's Republican Representatives have stood idly by while the Administration has started a global trade war, cut thousands of jobs and run roughshod over our government agencies and Minnesota's middle class. While her Republican colleagues have refused to show up and answer to their constituents in person, Representative Craig is actively showing up in their districts. Once again, her Republican colleagues are trying to avoid doing their job." Last week, Craig told WCCO she will make a decision by the end of this month about whether she will run again to represent her district in the south metro, or whether she will run to replace Democratic U.S. Sen. Tina Smith, who announced in February that she won't seek reelection next year.
Yahoo
27-03-2025
- Politics
- Yahoo
East Texas state representatives give update on 89th legislative session
TYLER, Texas (KETK)- East Texas representatives give an update on bills filed by lawmakers for the 89th legislative session. East Texas representatives like State Rep. Cole Hefner (R-Mount Pleasant) hopes to get his own bills passed with one of his top priorities being House Bill 17. This bill restricts the purchase of land in Texas from 'hostile countries' such as China, Russia and North Korea. East Texas state representative proposes bill to protect children from explicit content in public libraries 'That bill is in the homeland security and public safety committee, here in a week or two, we're going to have a day of hearings where we hear our bills that have to do with foreign adversaries,' Hefner said. Another big topic in the Texas House is water, both Hefner and State Rep. Gary VanDeaver (R-New Boston) are working to keep East Texas water in the Piney woods. 'We're a growing state, but that doesn't mean they get to come take our private property so that they can keep their swimming pools full,' Hefner said. East Texas Rep. Moran appointed to House Committee on Ethics VanDeaver also has filed House Bill 18 to make sure rural Texans receive adequate medical care. The bill would provide a 'safety net' for rural hospitals, especially hospitals that are at risk of closing to try to keep them open. Representatives explain that one of the most talked about issues is House Bill 3 also known as the 'school choice' bill but as a former superintendent VanDeaver says he isn't on board with with the bill. 'I'm just convinced it's not good for my district, and it's not good for the children of Texas, so my position hasn't changed on it. I plan to vote against it,' Vandeaver said. No matter which side they are on when it comes to each bill, Hefner and Vandeaver say East Texas lawmakers are sticking together and making sure they do what is best for the people of East Texas. Texas Senate majority unveils bill requiring voters to prove their citizenship 'East Texans are united, and we're digging in for the fight to protect our resources and the private property rights of our citizens,' Hefner said. The regular session ends on June 2 with only Governor Gregg Abbott having the power to add special 30-day sessions limited to designated topics afterwards. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
14-03-2025
- Politics
- Yahoo
East Texas state representative proposes bill to protect children from explicit content in public libraries
TYLER, Texas (KETK)– An East Texas representative filed a bill in late February meant to protect children from sexually explicit material in public libraries. State Rep. Daniel Alders (R-Tyler) filed House Bill 3225 on Feb. 24 which would require public municipal libraries to restrict accessibility to sexually explicit material for minors. East Texas Rep. Moran appointed to House Committee on Ethics 'As radicals continue to target our children with obscene content tucked away in our children's reading material, it's high time for Texas lawmakers to take a stand and ensure our public libraries take the necessary steps to protect our children,' Alders said. The representative said under this proposed legislation, any book having sexually explicit content must be removed or relocated from sections targeting minors and libraries must prohibit minors from checking out the books. 'Libraries must conduct an annual review of the materials in their collection to keep the bookshelves for minors free from sexually explicit content, and they must implement a petition process to immediately review specific books for concerned parents,' the release stated. State Rep. Cody Harris proposes bill to make Texas frontrunner for nuclear energy If it is determined a book has sexually explicit content, the library has up to 45 days to remove or relocate the book to a different section and update their system so minors cannot check out the book. According to the release, if a library violates the policy they cannot receive taxpayer funding for the year following the violation and are liable for a fine of up to $10,000 per violation. 'Our children should be our highest priority, and we must take a stand to ensure that our young kids are not in danger of being exposed to inappropriate, sexually explicit content in the minors sections of our libraries,' Alders expressed. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
