Democrats Drafting a Proposal to Ban Congressional Stock Trades

House Democrats are readying a proposal to restrict members of Congress, their staff and their families from trading securities.

A framework for legislation is set to be released next week by the Committee on House Administration, according to a person familiar with the matter, who asked for anonymity because the plan hasn’t been made public.

“We’ll have something very soon,” California Democrat Zoe Lofgren, the head of the committee, said Thursday, without giving any details.

Democrats have been working for months on some form of restrictions on stock trading by lawmakers, an issue that has united progressive Democrats and ...