Horsford does not buy or sell stocks. He will ban Congress from trading stocks, while holding corporations accountable for price gouging their customers.
Ban members of Congress from trading stocks.
Occurrences
Horsford will ban Congress from trading stocks, while holding corporations accountable for price gouging their customers.
Horsford does not buy or sell stocks. He will ban Congress from trading stocks, while holding corporations accountable for price gouging their customers.
Evidence
Congressman Steven Horsford and Congresswoman Terri Sewell are leading a letter demanding accountability after the Trump Administration's tariff reversal and urging Speaker Johnson to immediately schedule a vote on legislation to ban stock trading by representatives.
Congress.gov shows H.R.396, the TRUST in Congress Act, was introduced in the House and referred to the Committee on House Administration; the bill would require Members of Congress and their spouses and dependent children to place specified investments into a qualified blind trust.
The Congressional Record states that banning Members of Congress from trading stocks is 'long overdue' and that the TRUST in Congress Act would require Members and immediate family members to divest or use a blind trust, which 'in practice ... would ban Members of Congress from trading stocks.'
The remarks also say the reform has momentum, but it remained a proposal at that point and had not become law.
Under the Congress section, Horsford's site lists H.R. 396 - TRUST in Congress Act and describes it as requiring Members of Congress and their spouses and dependent children to place investments into a qualified blind trust.
The index lists remarks in the House on the TRUST in Congress Act and cross-references enactment discussion, but the underlying bill record still reflects introduction rather than passage into law.
Latest Action: House - 01/14/2025 Referred to the House Committee on House Administration. Tracker: Tip This bill has the status Introduced.
Congressman Steven Horsford today pressed U.S. Trade Representative Jamieson Greer at the Ways and Means Committee, raising market manipulation and insider trading concerns and calling for answers about well-timed trades.
Assessments
The promised federal outcome was a congressional stock-trading ban. The relevant 119th Congress TRUST in Congress Act remained introduced and referred to committee, with no House passage, Senate passage, or enactment. Horsford did materially advocate for the policy through public pressure, floor/official remarks, and support for H.R. 396, which is a serious legislative effort, but the ban has not become law during his current federal term.
The promised outcome was a ban on members of Congress trading stocks. The TRUST in Congress Act would substantially advance that promise by requiring members, spouses, and dependent children to place specified investments in qualified blind trusts, and Horsford publicly supported the bill and pushed for a vote. However, the bill remains only introduced and referred to committee, with no enactment into law, so the promised ban has not been delivered. Because there was a serious legislative advocacy effort, the effort badge applies despite the failed outcome.