Congressional Daily Record
This section captures a floor statement or debate entry. It mentions committees such as Committee on Homeland Security and Governmental Affairs, members such as Charles Ellis Schumer.
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September 30, 2026
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Download official Senate Record PDFReturn to issue contextMr. SCHUMER. Mr. President, on stock trading, only Senate Republicans would dare call a bill that permits Members of Congress to continue to own, sell, and in some instances buy stocks a stock trading ban.
They can't be serious.
trading ban. There has been a real bipartisan effort to ban Members of Congress from trading stocks and profiting off their insider information. I have supported those efforts for years.
Affairs advanced a strong bipartisan bill that would actually ban stocks, not pretend to do so.
Senate Republicans didn't want it. The Senate GOP let their counterparts in the House take out all of the ban's teeth and fill it with poison pills so it could never pass. This bill has no reform, no accountability, no substance.
stocks in privately held companies, including in companies the Members oversee; a formula for disaster and corruption.
That is as clear a conflict of interest as one can imagine. Under the Republican bill, Members would still get to own and sell stocks, and most importantly, this bill doesn't do anything—anything—to stop Donald Trump from trading stocks.
trades in the past year and raked in billions—more than all of Congress combined.
loopholes. Republicans have done nothing to stop corruption; not in the White House, not in Congress, nowhere.
screen door on a submarine. Let's be clear: They don't even want it to pass. They designed the bill to fail. They loaded their legislation with poison pills that they knew would make this bill dead on arrival. They are even afraid of this wet noodle, weak milquetoast bill.
dreamed up to rig our election. Republicans know no one wants these provisions, so they included them to kill their own bill. This hollow bill isn't a stock trading ban; it is Republicans' last-ditch effort to save face.
to profit off their office and allow Trump to rig the election, that is their problem. Americans don't buy it.