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Democrats Are Drafting a Proposal to Ban Congressional Stock Trades

  • Outline set for release next week after months of discussion
  • Multiple proposals have circulated in House and Senate
Traders work on the floor of the New York Stock Exchange.

Traders work on the floor of the New York Stock Exchange.

Photographer: Michael Nagle/Bloomberg

House Democrats are readying a proposal to restrict members of Congress, their staff and their families from trading securities.

A framework for legislation is set to be released next week by the Committee on House Administration, according to a person familiar with the matter, who asked for anonymity because the plan hasn’t been made public.