Portrait of Rick Scott
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Rick Scott on Stock Trading

Supports stock trading ban (strong)

TL;DR

Rick Scott fully supports banning members of Congress from trading stocks, provided the resulting legislation is done right.

Key Points

  • He fully supports banning members of Congress from trading stocks as long as the legislation is drafted properly and not rushed.

  • The Senator called for the Government Accountability Office (GAO) to conduct a full audit and review of former Speaker Nancy Pelosi's stock trading history.

  • He refuted claims that he disclosed millions in stock trades over a year late, asserting that amended filings were not tardy reports of new transactions.

Summary

Senator Rick Scott has publicly affirmed his support for banning members of Congress from trading individual stocks, stating in an op-ed that he wholeheartedly agrees with Floridians who desire such a prohibition. He emphasized that his support is contingent upon the ban being implemented correctly, criticizing past legislative efforts, such as a bill introduced by Senator Josh Hawley, for being rushed or unclear. Scott expressed his desire to advance his own proposed legislation, referred to as the PELOSI Act, to address this issue.

In addition to advocating for a ban, the Senator has also focused on transparency by calling for an investigation into the stock trading history of former Speaker Nancy Pelosi, believing such a review is critical to ensure public trust. His position is framed as necessary to address potential conflicts of interest and root out corruption, contrasting his stance with what he views as inaccurate criticism regarding his own financial disclosures, which he claims were filed on time, though some subsequent amendments caused confusion.

Key Quotes

I fully support banning members of Congress from trading stocks

I know that Floridians want us to ban stock trading by members of Congress and I wholeheartedly agree.

No Member of Congress should be in office to benefit from their position.

Frequently Asked Questions

Senator Rick Scott has clearly stated that he fully supports banning members of Congress from trading stocks. However, his support is conditional on the legislation being carefully considered and done right, rather than rushed through.

Yes, Rick Scott has publicly called for a full audit and review by the GAO into the stock trading history of former Speaker Nancy Pelosi and her immediate family. He views this as necessary to build public trust.

The Senator expressed issues with a specific bill put forward by another Republican, stating it was hastily drafted with Democrats and dropped late in the committee process. He believed members should read bills before voting on them.