Representative Seth Magaziner Signs Onto Bipartisan Legislation to Ban Members of Congress from Owning and Trading Stocks

The TRUST in Congress Act is the first bill that Magaziner co-sponsored as a Member of Congress

Washington, D.C. – Today, Representative Seth Magaziner (RI-02) announced that he has joined Representatives Abigail Spanberger (D-VA-07) and Chip Roy (R-TX-21) as an original cosponsor of the Transparent Representation Upholding Service and Trust (TRUST) in Congress Act.

The TRUST in Congress Act – which effectively bans Members of Congress and their families from owning and trading individual stocks – was the first legislation that Rep. Magaziner co-sponsored as a Member of Congress. Magaziner joined 45 of his Democratic and Republican colleagues in signing onto the legislation as original co-sponsors.

“I am so proud to be an original co-sponsor of this legislation to ban Members of Congress from trading stocks, so that we can restore Americans’ faith in their representatives,” said Rep. Seth Magaziner. “We’re here to work for the American people, not ourselves. By bringing Republicans and Democrats together, I hope that this bipartisan bill will pass the House and be signed into law by the President, so that we can deliver real reform to Washington.”

The TRUST in Congress Act is endorsed by several advocacy and government accountability organizations across the political spectrum. These organizations include the Project On Government Oversight (POGO), National Taxpayers Union, Citizens for Responsibility and Ethics in Washington (CREW), Public Citizen, Campaign Legal Center, Taxpayers for Common Sense, FreedomWorks, Taxpayers Protection Alliance, Protect Democracy, Americans for Prosperity, Government Accountability Project, Issue One, PEER, Democracy12, Fix the Court, and ECU Action Fund.