News

Sens. King and Collins not backing push for restrictions on Congressional stock trading

Sens. King and Collins not backing push for restrictions on Congressional stock trading

Photo: 560 WGAN Newsradio


Maine’s Congressional delegation is split on a push to ban trading of individual stocks among members of Congress.

According to the Bangor Daily News, Republican Sen. Susan Collins and Independent Sen. Angus King have not expressed support for the ban.

Instead, Sen. King says he’s reviewing current proposals, while Collins says current laws designed to prevent the use of insider knowledge for trading should be better enforced.

The paper writes that the pair are the only members of the state’s delegation to benefit from buying or selling individual stocks.

Democrat Rep. Chellie Pingree has voiced her support for a proposal that would require members to put investments in blind trusts.

Rep. Jared Golden favors a separate proposal that would place a ban on individual stock trading for lawmakers and their top staffers and prohibit them from serving on corporate boards.

Latest Headlines

4 hours ago in Local

Arrest made in shooting that left 1 dead, 1 injured in Penobscot County

Police Car

A Connecticut man is charged with murder for a shooting in Corinth that left one man dead and another injured.

9 hours ago in Local

New York man seriously injured after falling from top of moving bus on Maine Turnpike

A New York man fell onto the Maine Turnpike from the top of a moving bus.

13 hours ago in Sports, Trending

Ohtani is unanimous MVP for 4th time in winning NL honor as Judge edges Raleigh for 3rd AL accolade

Shohei Ohtani likes winning Most Valuable Player awards. He loves winning the World Series even more. The two-way Japanese star did both for a second season in a row for the Los Angeles Dodgers, earning his fourth career MVP on Thursday night while unanimously earning the National League honor.

1 day ago in Local

Rumford Police Arrest Repeat Offender for Check Fraud

Officers say 40-year-old Rex Allen Call, Jr. was arrested Thursday

1 day ago in Local

UMaine Police Issue Campus Warning in Domestic Violence Search

They say harassment was first reported Monday, but the case was elevated Thursday.