Reed Sponsors Move To Limit Congress Members From Corporate Boards
U.S. Rep. Tom Reed, R-Corning, recently spoke softly about insider trading charges filed against U.S. Rep. Chris Collins, R-Buffalo.
Reed is carrying a bigger stick.
Last week, Reed introduced a bill that would bar members of Congress from serving on boards of corporations. The legislation is co-sponsored by U.S. Rep. Kathleen Rice, D-New York City.
“There should never be a doubt in the public’s mind to lead them to think their representative could be corrupted or incriminated because of their stake or position in a private company,” Reed and Rice said in a joint statement. “We owe the American people this fair assurance.”
If approved, the House of Representatives would have the same rules as the U.S. Senate in regard to corporate boards. The House should approve this change in rules, and kudos to Reed for sponsoring the legislation.