EXCLUSIVE: Congress Stock Trading Could Be Ending Soon – Expert Says 'People Are Sick Of It'

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Despite this being part of his business, Josephs is in favor of banning Congress members from trading stocks, something he told Benzinga could be coming sooner than later.Josephs launched the Pelosi Stock Trader years ago as a way to highlight the questionably timed trades of Pelosi on social media.One of the reasons for launching the tracker and eventually Autopilot was a feeling of throwing up your hands and saying if Congress members can trade “right in front of us, we're going to join them," Josephs told Benzinga.Don't Miss:Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.85/ShareThis Energy Storage Company Already Has $185M in Contracts—Shares Are Still AvailableIt's the disgust with the concept of Congress members buying and selling stocks with potential conflicts of interest and public awareness that could finally put an end to the practice."I think one, the people are sick of it. I think it's essentially getting to that point," Josephs said. "Two, is the midterms and it's a great thing to run on."Josephs told Benzinga that people running for Congress in the 2026 election and taking on incumbents are likely to use the trading history of elected officials against them."They're going to come out and say, ‘I support a ban on congressional stock trading.'"The Autopilot co-founder said this could lead to more awareness for the practice again.Another potential reason a ban is close is that the STOCK Act passed in 2011 and didn't do enough in terms of transparency, Josephs added.Trending: Before the IPO: How One Company Quietly Locked Up 500+ Iconic Character RightsJosephs said the STOCK Act still allows a delay in disclosing stock trades and the ability to trade individual stocks that could be a conflict of interest."It just seems like the right time in history with all the distrust going on in society and especially with our governments and our politicians, that in passing this is a massive step towards better trust and transparency from elected officials."Josephs said telling members of Congress they can't buy individual stocks, but can buy treasuries and ETFs is not unreasonable."You just can't buy Raytheon while you're sitting on an armed services committee and watching Iran get bombed," Josephs said, highlighting Sen. 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