feel a little badly for @SenWarren, whose ambitious proposal to tackle public corruption is prob being bumped from the headlines by breaking stories about public corruption
— Catherine Rampell (@crampell) August 21, 2018
Sen. Elizabeth Warren unveiled a series of new planks Tuesday in her wider plan to stem corporate influence on government and root out corruption in Washington…
Warren’s plan, which would impose a lifetime ban on appointed officials from taking lobbying jobs, is dead on arrival in a Republican-controlled Congress. But it is likely to influence the talking points of other Democrats and, should she run for higher office in 2020, be a staple of her campaign pitch.
In a speech at the National Press Club, Warren called for Congress to “end lobbying as we know it” and not allow “the rich and powerful buy their way into congressional offices.”
“Our national crisis of faith in government boils down to this simple fact: People don’t trust their government to do the right thing because they think government works for the rich, the powerful and the well-connected and not for the American people,” Warren said. “And here’s the kicker: They’re right.”…
Among the more specific new rules Warren is proposing in her Anti-Corruption and Public Integrity Act are a prohibition on elected and senior agency officials owning or trading stock while in office; the livestreaming of audio from federal appellate court proceedings; a requirement to make public a record of all meetings between lobbyists and public officials; and perhaps most dramatically, the creating of a new independent agency to enforce new and existing ethics laws.
The unveiling on Tuesday marked the second major policy proposal from Warren, who is also up for re-election to the Senate this year, in as many weeks.
Her Accountable Capitalism Act, unveiled last week, would require American corporations to have 40% of their directors elected by their own workers, obtain shareholder and board approval for any political spending (which must then be made public), and put the brakes on the pace at which top executives can sell off stock in their own companies…
In nod to Manafort trial, Warren proposes banning all Americans from lobbying for foreign governments. "If foreign governments want to express their views they can use their diplomats."
— Benjy Sarlin (@BenjySarlin) August 21, 2018
Elizabeth Warren proposes banning members of Congress from owning individual stocks as part of sweeping anti-corruption bill https://t.co/EXu95J0xDp
— Joseph Lawler (@josephlawler) August 21, 2018
… “The problem is far bigger than Trump, and the way I see it this loss of faith this broad, and this profound, is more than a problem — it is a crisis, a crisis of faith,” the Massachusetts Democratic senator said at an event in Washington unveiling her legislation.
Warren’s bill would force members of Congress, judges, and high-ranking executive branch officials from owning individual stocks while in office. It would force the president and cabinet members to divest assets that could present conflicts of interest, something President Trump has not done.
The legislation would also go much further and ban members of Congress from lobbying after they left office, tighten existing lobbying restrictions, and require greater disclosure of influence peddling.
Congressional conflicts of interest have been subjected to added scrutiny thanks to the indictment of Rep. Chris Collins, R-N.Y., for insider trading.
In her speech, though, Warren also highlighted aspects of the Trump administration that she argued were egregious, saying that the administration has provided the “most nakedly corrupt leadership this nation has seen in our lifetimes.”
Second Q to Warren at her NPC speech on corruption is about… Ocasio-Cortez not allowing press into one of her town halls. (Warren refocuses the Q to point out that, well, SHE lets press into all of her town halls, as one should.)
— Dave Weigel (@daveweigel) August 21, 2018
— Post Opinions (@PostOpinions) August 21, 2018