Latest news with #HouseEthics
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.
Yahoo
20-02-2025
- Entertainment
- Yahoo
‘Reacher' star Alan Ritchson takes aim at high school rival Matt Gaetz
NEW YORK — Hulking 'Reacher' star Alan Ritchson says a desire to crush his former high school rival Matt Gaetz is almost enough to make him enter politics. The massive 230-pound actor, whose action-packed Amazon Prime series debuted its third season on Thursday, went to school with the disgraced congressman in Niceville, Florida. In a recently released GQ interview, Ritchson recalled he and 'that motherf—r' being 'adversaries' in school. Ritchson said he finds it shocking that people in Florida's Panhandle made Gaetz a congressman while he was being investigated for soliciting sex from an underaged girl. 'He's just not a good dude!' Ritchson told the men's lifestyle publication. Gaetz, who denies any wrongdoing, left Congress when he became Donald Trump's nominee for attorney general. The 42-year-old Republican eventually succumbed to pressure to end that pursuit when a House Ethics report seriously called his character into question. He instead became a television personality on the One America News network. For Ritchson, keeping Gaetz on the political sidelines is almost enough to get him to run for office. 'There's part of me that wants to get into politics to outdo somebody like him for good,' he said. 'And there's part of me that's like, I'm not duplicitous enough to succeed in politics.' According to the actor, he looks up to 'hero' politicians like Sen. Bernie Sanders, I-Vt., who remain genuine while serving in public office. But he said such people rarely get very far in that line of work. Gaetz responded to Ritchson's GQ article by saying he doesn't recall their relationship being contentious. 'Hollywood apparently changes people!' he posted on X. The former lawmaker said Ritchson was a year behind him in high school, where they were both on the debate team. 'He was always very nice to me (and everyone) and his mother, the computer lab monitor, loved me,' Gaetz said. According to Gaetz, he attended a karaoke party celebrating Ritchson's father's retirement from the U.S. Air Force and sang the J. Geils Band's 1981 hit 'Centerfold.' Gaetz flirted with pursuing a U.S. Senate seat in December. He told the Tampa Bay Times last month he's also considering running for governor in Florida.
