Republican Members of Congress Oppose Kevin McCarthy’s Proposal to Limit Insider Trading

After House Minority Leader Kevin McCarthy (R-Calif.) proposed possible new legislation to limit the practice of insider stock trading among members of Congress, even some within his own ranks have anonymously voiced their opposition to such a plan.

As reported by the New York Post, McCarthy first made the suggestion to Punchbowl News, suggesting such a bill as one of many things he would want to see introduced if the GOP retakes the majority in November. Among other things, his proposal would restrict members to only holding professionally managed funds, as well as prohibit lawmakers from owning stocks in companies that are overseen by committees they serve on.

McCarthy pointed to the example of House Speaker Nancy Pelosi (D-Calif.), who has a net worth of over $100 million, and whose husband was found to have traded millions more worth of tech stocks. “I just think if you’re the Speaker of the House, you control what comes to the floor, what goes through committee, you have all the power to do everything you want,” McCarthy said on Tuesday. “You can’t be trading millions of dollars.”

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Larry Elder Says He’ll Replace Senator Feinstein with Republican if He Wins California Recall Election

Larry Elder said Friday that if he is elected California governor in the state recall of Democratic Gov. Gavin Newsom, he will replace Sen. Dianne Feinstein (D-Calif.) with a Republican.

Elder told the “Mark Levin Show” that George Soros, President Biden, Vice President Harris, and Sen. Elizabeth Warren (D-Mass.) are getting involved in the California recall election because they’re concerned about the balance of power in the Senate.

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