According to Odaily, a bipartisan group of 20 senators recently proposed an amendment to the 2012 'Stop Trading on Congressional Knowledge Act' in a letter addressed to House Speaker Mike Johnson and Democratic Leader Hakeem Jeffries. The proposed amendment aims to prevent members of Congress from engaging in stock trading.

During a press conference, Senator Josh Hawley stated, 'Congress should not be here to make money in the stock market. There is no reason for members of Congress to profit from information that only they are privy to and other Americans are not.' The proposed amendment underscores the importance of maintaining transparency and fairness in the stock market, particularly among those in positions of power.

The 'Stop Trading on Congressional Knowledge Act' of 2012 was originally enacted to prevent insider trading by members of Congress and their staff. The proposed amendment by the bipartisan group of senators seeks to further strengthen this legislation by outright banning stock trading by Congress members.