Gallego Backs Legislation to Prevent Corruption, Financial Exploitation by Public Officials

WASHINGTON – Senator Ruben Gallego (D-AZ)is backing legislation to ensure public officials and their families cannot exploit their positions for financial gain. The bills he is supporting include theBan Congressional Stock Trading Act,theCurbing Officials’ Income and Nondisclosure (COIN) Act, and theEnd Crypto Corruption Act.
“As elected officials, the American people deserve to know that every decision we make is in the best interest of the country – not the best interest of our own bank accounts,”said Senator Gallego.“Whether it’s Members of Congress trading stocks on inside information or the Trump family profiting off so-called Meme Coins, it’s clear that more must be done to prevent corruption. I’m proud to back these bills to do so.”
Earlier this year, in the wake of President Trump’s on-again, off-again tariffs causing massive swings in the stock market, Senator Gallegodemandedthat the White House provide information about potential violations of federal ethics and insider trading laws and called on the Office of Government Ethics to investigate. He alsowrote tothe Securities and Exchange Commission to determine whether President Trump, any members of his cabinet, or other donors, insiders, and Administration officials engaged in insider trading, market manipulation, or other securities laws violations.
Senator Gallego has alsointroducedlegislation which would establish an Inspector General (IG) at the Office of the U.S. Trade Representative (USTR) to ensure that trade policy and tariff exclusions are made in the best interest of American workers and small businesses – not political donors and companies with high-priced lobbyists.
7/3/25