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Congressional Daily Record
This section captures a formal floor step rather than a policy debate. It mentions legislation such as Prohibiting the buying or selling of certain investments by Senators., members such as Thomas Jonathan Ossoff.
Official title: UNANIMOUS CONSENT REQUEST--S. RES. 784
Issued
June 23, 2026
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Download official Senate Record PDFReturn to issue contextMr. OSSOFF. Mr. President, I don't know if you saw, but a study last year found that Members of Congress traded more than $600 million in stock, including stocks connected to committees upon which Members sit.
shares in companies that Members of Congress directly regulate. Members of Congress have access to privileged and confidential and classified information. Members of Congress make decisions that send stock valuations up and down. And all the while, Members of Congress are playing the stock market.
stock trading, but the bipartisan bill we passed successfully through a major committee just in the last year appears stalled. It seems that the Senate majority is intent on blocking legislation that would ban Members of Congress from trading stock.
But this is not a controversial issue among the American public. We could go to any town, any county in Georgia and ask anybody of either political party or no political party “Should Members of Congress be playing the stock market while we make legislation?” and overwhelmingly, the answer would be no.
The American people want Members of Congress to stop trading stocks. The American people are sick and tired of this corruption. In fact, this may be one of the most unifying issues in our deeply divided country.
So let's take action right now, today. We can pass this resolution. It is very simple. It says that starting on January 1 of the new year, no U.S. Senator can trade stocks or cryptocurrency. Those will be the rules of the Senate. I know there is a range of ideas about how to implement that.
Let's set this clock right now. Let's come together, Democrats and Republicans, and do what is right and pass this Senate rule that beginning in the new year, there will be no trading of stocks or crypto by U.S. Senators.
The time for debate and excuses and delay and obstruction must end. There will always be some reason not to do this. But the American people see through those excuses and demand action.
Let's pass this resolution and ban stock trading by U.S. Senators.
consideration of S. Res. 784, prohibiting Members of the U.S. Senate from buying or selling publicly traded stocks or cryptocurrency effective January 1, 2027; that the resolution be agreed to and the motion to reconsider be considered made and laid upon the table with no intervening action or debate.
The PRESIDING OFFICER. Is there an objection?
The Senator from Wyoming.
Ms. LUMMIS. Reserving the right to object, I will be completely unaffected by the bill the gentleman from Georgia is proposing because I won't be here next year, but I reserve the right to object because there are alternatives.
Committee, and the Banking Committee has issues that might conflict with my financial assets. So I put my meager—stress on “meager”— assets in a blind trust. That blind trust was approved by the Senate Ethics Committee. The specific language was approved by our own Senate Ethics Committee.
trust are still there. I don't know whether they sold some and traded them for better investments. I won't find out until next January when I leave here and get my assets out of the blind trust and see what is left.
and not do while they are in office. For example, as a rancher in the West, half of my State is public land. I am not allowed by law to have a Bureau of Land Management grazing lease. It is an issue that very few people in the Senate have to deal with, but several of us do, and so we had to divest of that
while no one else has a similar restriction.
comply. A blind trust is sufficient to ensure conflicts of interest are appropriately mitigated.
Act, which is another vehicle to address concerns similar to the gentleman's from Georgia.
language does not define cryptocurrency. So what is cryptocurrency? Are stablecoins used for payments included? Are nonfungible tokens included? So this language needs clarification.
This should go through regular order. This should go through committee. It should be thoroughly vetted. The language should be clarified. For these reasons, I object.
The PRESIDING OFFICER. The objection is heard.
The Senator from Georgia.
Mr. OSSOFF. Mr. President, I commend the Senator for having placed her portfolio in a blind trust. I am one of the few to have done the same. I think it is the right thing to do.
Senators effective the first day of the new year, we will have the time to finish the work of writing the legislation to implement this. But it is not going to happen unless we set this deadline for ourselves because there is always some reason that keeps being suggested not to do this. In fact, I offered this same language in the Rules Committee, and it was blocked on a party-line vote.
It is time to ban Senators from playing the stock market, period. If we adopt this rule today, we set for ourselves a deadline of January 1 to work out the details. But I assure my colleague—with regret—that if we do not set this deadline and adopt this rule today, there will always be more excuses and more delay, and the confidence of the American people in the integrity of this institution will continue to plummet.
I yield the floor.
Mr. President, I suggest the absence of a quorum.
The PRESIDING OFFICER. The clerk will call the roll.
The senior assistant legislative clerk proceeded to call the roll.
Mr. CORNYN. Mr. President, I ask unanimous consent that the order for the quorum call be rescinded.
The PRESIDING OFFICER. Without objection, it is so ordered.