U.S. Rep. Abigail Spanberger (D-Va.) slammed House Speaker Nancy Pelosi on Friday for a failure of leadership after she refused to address legislation that would have imposed tougher stock trading restrictions on members of Congress.
The legislation is personal to Spanberger who has been working on it since 2020. Her goal was to strengthen the provisions of the STOCK Act, a 2012 law that prohibits Congress members from using insider information to profit from stock trading, according to Fox News.
At one point this year, support for a full ban on trading by lawmakers gained momentum but the Virginia Democrat claims that Pelosi and other Democratic leaders scuttled it.
“[A]fter first signaling her opposition to these reforms, the Speaker purportedly reversed her position,” Spanberger asserted. “However, our bipartisan reform coalition was then subjected to repeated delay tactics, hand-waving gestures, and blatant instances of Lucy pulling the football.”
“This moment marks a failure of House leadership — and it’s yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill,” she charged, according to Fox News. more