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Rep. Cory Mills Calls for Ban on Congressional Stock Trading

Forbes Breaking NewsJune 7, 20252 min1,022 views
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The Case for Banning Congressional Stock Trading

  • πŸ’‘ Cory Mills argues that serving in Congress should be about public service, not personal enrichment.
  • 🎯 He states that it's mutually exclusive to serve oneself and the public simultaneously.

Insider Trading Concerns

  • ⚠️ Mills highlights how language inserted into the National Defense Authorization Act (NDAA) can benefit defense companies.
  • πŸ’° He questions how this isn't considered insider trading, given the non-public nature of legislative changes versus public company investments.

Rebuilding Trust in Government

  • πŸ›οΈ A ban on stock trading for members of Congress and their spouses is presented as a crucial step to rebuild the image of Congress and federal government.
  • 🀝 This action is seen as vital for restoring public trust and hope in institutions.

Founding Fathers vs. Modern Congress

  • πŸ“œ Mills contrasts the founding fathers, who often returned to their businesses after public service, with current lawmakers who may profit more from stock trading than from private sector work.
  • 🚫 He likens Congress becoming a 'plan B' for those unsuccessful in business to the idea that women's sports shouldn't be a fallback for failed male athletes.

Call to Action

  • βœ… Mills supports the bill to ban congressional stock trading, urging colleagues to move forward in restoring confidence and the true meaning of public service.
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What’s Discussed

Congressional Stock Trading BanInsider TradingPublic ServicePersonal EnrichmentNational Defense Authorization Act (NDAA)Members of CongressRebuilding TrustFounding FathersGovernment Ethics
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