Rep. Jared Golden (D-Maine) is once again throwing his weight behind a Republican-led effort to bar Congress members from trading stocks, after Rep. Chip Roy (R-Tex.) reintroduced the TRUST in Congress Act on Tuesday.

“As lawmakers our priority should be serving our constituents — not leveraging our position to game the stock market,” said Rep. Golden on X.

I’m helping reintroduce a bill to ban congressional stock trading because the practice is more than just a bad look—it undermines the meaning of public service,” he added.

Golden will serve as one of the many co-sponsors of Roy’s reintroduced bill, first introduced in 2020.

The bill requires that all members of Congress, along with their spouses and dependents, surrender control of all their investments to a blind trust.

The blind trust would prevent Congress members and their families from trading stocks with potential insider knowledge while continuing to allow them to invest.

A blind trust gives sole authority over a person’s investments to a trustee, who will then make investment decisions on behalf of their client, while maintaining a separation from them.

The congress member entrusting the investments to the trustee will receive no reports from them and can make no decisions regarding investments other than to terminate the blind trust agreement.

Blind trusts are often used in situations where a conflict of interest or potential insider trading could arise if someone were to invest their own money.

“The American people should have faith that Congress is at work for the good of the country, not for their own bank accounts. For years I have been working to address the problem of stock trading in Congress,” said Rep. Roy.

Golden spearheaded a bipartisan effort last summer to encourage Speaker of the House Mike Johnson (R-La.) to bring a congressional stock trading ban to a vote.

That letter highlighted years of suspicious trades among Congress members, including 97 members between 2019 and 2021 who traded in companies directly impacted by their committee assignments.

Rep. Nancy Pelosi (D-Calif.) has long been a target for suspicion, with her portfolio including suspiciously timed trades in NVIDIA stocks, immediately surrounding legislative actions affecting the semiconductor giant.

At the time of the letter’s publication in July, Golden claimed that approximately 86 percent of Americans support a ban on congressional stock trading.

Despite public support, a ban will likely have a difficult time passing through Congress, as it requires Congress members to vote against their own ability to make money.