Democratic Rep. Abigail Spanberger of Virginia is calling for a new set of congressional leaders for her party after leadership delayed a potential vote this week on banning lawmakers from owning and trading stocks.
“This moment marks a failure of House leadership — and it’s yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill, as I have long made known,” the congresswoman said in a statement released Friday morning.
Late Tuesday night, the Committee on House Administration released the text of the “Combatting Financial Conflicts of Interest in Government Act,” a bill that was much broader and more far-reaching than most of the proposals put forward by other lawmakers in the last year and was written without their consultation.
Ethics experts quickly identified a major blind-trust loophole with the legislation, which was sponsored by Democratic Rep. Zoe Lofgren of California, a close ally of Pelosi.
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