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The House on Wednesday advanced a bill to bar sitting members of Congress from buying additional stocks while in office.
The case for the bill is that legislators should not trade on the policy information their work provides. The complication is the word "additional": the bill targets new purchases, leaving existing portfolios intact.
What the restriction covers The bill prohibits current members of Congress from purchasing additional stocks during their term. The House moved it forward on Wednesday; it has not yet become law.
A member who arrives in Washington with an existing stock portfolio keeps it. The ban applies to new purchases, not positions already held.
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