Letter to Politicians – Ban Stock Trading and Create Term Limits for Congress

I put on my goals for 2024 to write at least 4 letters to politicians this year. This is my 2nd letter. You can find the 1st here.  I believe I would find very few people who would be against these ideas. There have been multiple bills proposed to rectify both of these issues. But none has ever been passed by Congress. Why? Ask your politicians. Vote them out if they don’t fix this.

I write these so you can copy, paste, send to your politicians if you agree with these ideas. We often think writing politicians doesn’t do anything, and it might not. But if they know there is large enough support that people will act on (vote them out) if they don’t do what we want, they will eventually do the right thing.  

“Bans on stock trading & term limits for Congress are *wildly* popular, yet never get enacted because they run against the self-interest of Congressmen. Here’s the solution: propose legislation requiring it  & just “grandfather” exemptions for those enact it. It’d pass instantly.” – Vivek Ramaswamy, 1-31-2024 X post

I am writing you to encourage you to vote in support and show my support for 

S.2773 – Ban Congressional Stock Trading Act. 

Mr. Ossoff (for himself, Mr. Kelly, Mr. Warnock, Mr. Bennet, Ms. Duckworth, Mr. Luján, Mr. Schatz, Ms. Baldwin, and Mrs. Shaheen) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Trust in the government, which you are a part of, has been eroding for over 60 years.

One of the reasons is that it appears that many politicians get into government after they are already rich and then proceed to use their positions to get even richer. 

There are multiple websites and X accounts to follow Nancy Pelosi’s stock trading.

 Nancy Pelosi Stock Tracker ♟- @PelosiTracker_

The 1 reason why I like Ron Desantis is he sold his stocks before he became a member of Congress to remove any show of insider trading. While I don’t agree with all his policies, I appreciate that about him. I wish others would follow him. 

https://rollcall.com/2023/08/14/desantis-says-he-sold-all-stocks-house-disclosures-show-otherwise/

The fact that there is a bill in congress that has been proposed multiple times to ban stock trading but has not been passed makes me trust Congress even less. 

I ask you why this bill has not been passed?

As mentioned in the original quote from Vivek, there is also a bill proposed to pass term limits for members of Congress. 

H.J.Res.20 – Proposing an amendment to the Constitution of the United States to limit the number of consecutive terms that a Member of Congress may serve.

I also ask you, why has this not been passed?