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AXIOS: White House actively lobbying against a stock trading ban involving the President

Summary: According to AXIOS, the bill proposed by Republican Senator Josh Hawley to ban stock trading by members of Congress is facing opposition within the Republican party. Sources reveal that due to the opposition from Senate Homeland Security Committee Chairman Rand Paul, Hawley needs Democratic support to pass the committee vote scheduled for Wednesday. As a ...

According to AXIOS, the bill proposed by Republican Senator Josh Hawley to ban stock trading by members of Congress is facing opposition within the Republican party. Sources reveal that due to the opposition from Senate Homeland Security Committee Chairman Rand Paul, Hawley needs Democratic support to pass the committee vote scheduled for Wednesday. As a result, Hawley has agreed to include language in the bill that would also prohibit the President and Vice President from certain investments, expanding the scope beyond just members of Congress. Sources indicate that the White House Legislative Affairs Office has begun lobbying against the stock trading ban upon learning of this development.

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