"The public has a right to know that the officials tasked with protecting the security of our country are always acting in the public’s interest, not in their own private financial interest," said the complaint. Kevin McCarthy (R., Calif.) is considering banning or restricting members of Congress and senior officials from owning stock, an aide told the Journal. "An investigation can determine whether the scope and severity of deficiencies in the ethics programs’ guidance on financial conflicts of interest is greater than currently publicly known."Ī Republican majority in the House could mean more sweeping ethics-reform legislation, including overhauling the government's rules for officials owning stock. The agencies "have repeatedly allowed senior officials to own and trade stock in companies that appear to create conflicts of interest with their official duties," the complaint said. After the Wall Street Journal reported that thousands of government officials traded stocks in companies regulated by their agencies, the Campaign Legal Center called on the government's ethics agency to investigate four federal agencies.
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