Rep. Alford to introduce congressional stock trading ban mirroring Senate's 'PELOSI Act'

FIRST ON FOX: Rep. Mark Alford, R-Mo., will introduce legislation that would ban congressional stock trading on Wednesday, serving as the House companion bill to Sen. Josh Hawley's, R-Mo., "PELOSI Act" in the Senate.

Alford's proposed bill would ban lawmakers and their spouses from holding, purchasing, or selling individual stocks while in office, but it allows investments in diversified mutual funds, exchange-traded funds, or U.S. Treasury bonds. If passed, current lawmakers would have 180 days to comply with the legislation. Likewise, newly elected lawmakers must achieve compliance within 180 days of entering office.

"As public servants, we should hold ourselves to a higher standard and avoid the mere appearance of corruption," Alford said in a statement. "Unfortunately, too many members of Congress are engagi...