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‘House Leadership Failure’: Democratic Rep Criticizes His Own Party, Pelosi, For Failing To Pass Bill Banning Stock Trading

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Democratic Rep. Abigail Spanberger of Virginia on Friday criticized House Speaker Nancy Pelosi and Democratic Rep. Steny Hoyer of Maryland, the House Majority Leader, for failing to pass legislation barring members of Congress trading in stocks.

“This moment marks a failure of House leadership, and is yet another example of why I believe the Democratic Party needs new leaders in the halls of the Capitol, as I have long made known,” Spanberger said in a statement. statements released on Friday. (RELATED: ‘Defeats Entire Purpose’: Nancy Pelosi’s Stock Trading Ban Bill Contains Major ‘Loophole,’ Experts Warn)

spanberger inserted the Transparent Representation Advocacy Service and Trust in Congress Act on January 15, 2021. The legislation has 71 co-sponsors, ranging from conservatives to Republican representatives. Matt Gaetz from Florida and Chip Roy from Texas, even liberals like the Democratic representatives. Rubén Gallego from Arizona and Ilhan Omar from Minnesota.

“For months, momentum has built in both the US House and Senate to finally take a step toward banning members of Congress from conducting day-to-day transactions while at work. We’ve seen remarkable progress.” toward rectifying blatant examples of conflicts of interest,” Spanberger said. “And after first signaling her opposition to these reforms, the Speaker reportedly reversed her position. However, our bipartisan reform coalition was later subjected to repeated tactics delaying, hand gestures and blatant instances of Lucy pulling the ball.”

“Instead of bringing together passionate members of Congress on this issue, leaders chose to ignore these voices, cast them aside, and find new ways they could engage the media and the public, and evade public criticism,” Spanberger continued. “As part of their diversionary tactics, the House Administration Committee was tasked with creating new legislation, eventually introducing a package of kitchen sinks that they knew would collapse immediately upon arrival, with only days before from the end of the legislation session and there is no time to fix it.”

Spanberger scored a narrow victory in 2020, defeating Republican Nick Freitas by 1.8%, according to to Ballopedia. Your district is considered competitive by 270towin.com.

Pelosi and Hoyer did not immediately respond to requests for comment from the Daily Caller News Foundation.

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