Thursday, December 4, 2025
In a few words:
House Speaker Mike Johnson now says Congress members should keep trading stocks, reversing earlier support for a ban.
More details:
🧩 Simple Version
House Speaker Mike Johnson used to think that members of Congress shouldn't trade stocks. He said it looked bad. But now, he says it's okay for them to keep trading stocks. He thinks banning it might stop good people from wanting to work in Congress. He believes there are ways to make sure lawmakers don't cheat the system without stopping them from owning stocks.
🚨 How Fox Would Spin It
"Speaker Johnson Defends Patriot Lawmakers' Right to Invest! Swamp Elites Try to Stop You!" Because, you know, owning stocks is basically a patriotic duty now. And anyone who disagrees is part of the "swamp" trying to keep patriots down.
✅ DeFoxed Reality Check
House Speaker Mike Johnson previously supported a ban on members of Congress trading individual stocks because of concerns about "appearance of impropriety." However, he recently told Punchbowl News that he now believes lawmakers should still be allowed to own stocks. He suggested a ban might "discourage good people from running for office" and that there are other ways to prevent lawmakers from "cheating the system." This is happening while some lawmakers are trying to force a vote on a bill that would ban such trading, and Johnson predicted they won't succeed.
💡 Why This Matters
This debate is about whether people elected to represent us can use inside information to make money. Many believe it creates an unfair advantage. If lawmakers can profit from their jobs, it raises questions about their true priorities. Finding a balance between attracting talent and ensuring public trust is key.