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'Congress is not a casino': Krishnamoorthi demands ban on congressional stock trading
Krishnamoorthi had previously claimed that stock investments by members of Congress outperformed the S&P 500 by 17.5 percent.
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Jeffin T. Kaleekal - Sun, 07, Sep 2025
- 05:32 EDT
- 56
Raja Krishnamoorthi / REUTERS/Evelyn Hockstein
Congressman Raja Krishnamoorthi has reiterated his long standing demand for a ban on congressional stock trading.
In early 2025, Krishnamoorthi had reintroduced the Bipartisan Restoring Faith in Congress Act, a legislation that will prohibit members of Congress, their spouses, and dependents from trading, selling, and owning individual financial stocks.
Addressing the need for such a bill, he tabled statistical data and alleged that, in 2022, members of Congress outperformed the S&P 500 by 17.5 percent, reinforcing the belief that Congress members have unique access that allows them to benefit from insider information.
The bill, as per Krishnamoorthi, will not seek to retroactively make lawmakers accountable for their stock investments but will curtail representatives from profiting from individual financial stocks.
Addressing the media, he said, "You may have traded up till now, you may have operated within the confines of the law and the rules and the regulations. This is your chance to do the right thing."
Demanding support from other lawmakers, he highlighted, "Congress is not a casino, it's not a stock exchange, it's not a betting parlor."
Claiming that 95 percent of the constituents want this bill, he continued, "We can't serve the American people and the public interest at the same time that we're serving our stock portfolio."
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