“Wealthiest members can keep selling stocks.”
What they posted
- It allows members with massive holdings to continue to own individual stock and buy using their dividends (!!) - It creates new exceptions for member’s spouses and child dependents to buy ON BEHALF OF OTHER PEOPLE (!!) - Wealthiest members can keep selling stocks
Why it's Truth
Congress.gov bill text, AP News, Reuters, Kapitol.ai, Washington Post, and Everything Policy confirm H.R. 7008 allows members to keep and sell existing individual stock holdings (with advance notice) while banning new purchases; no divestment mandated.