Thread by @politvidchannel

BREAKING: the U.S Senate accidentally passed a bill banning Trump from Becoming President, and Biden is planning to sign it.

The U.S senate is close to passing a bill that would ban federal lawmakers — and presidents — from owning and trading stocks and other investments.

The bill is called, the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act.

LINK BELOW

rosen.senate.gov/2024/07/24/in-…

The bill requires divestiture for people who want to become a congressperson or president or vice president.

The former president’s massive financial assets were a primary concern of Sen. Mitt Romney (R-UT) during a Senate Committee on Homeland Security and Governmental Affairs debate LAST WEEK.

Sen. Romney: "I mean, he'd have to sell all of his Truth Social stock. He'd have to sell all of his private investments."

Sen. Romney: "This basically would prevent Donald Trump from becoming president if he wanted to maintain his financial assets without getting completely obliterated.”

The bill in question, an amended version of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, ultimately passed out of committee with an eight to four vote, with Republican senators divided on how to proceed.

Trump owns 114 million shares of Trump Media and Technology Group, Corp, worth $3.776 billion, saying divesting of that would be “a massive disadvantage for him.”

Sen. Ron Johnson (R-WI) chimed in to support Romney’s comments, saying he came into the meeting “happy to vote yes on this self-flagellation.” Johnson said he divested of his securities when running for office, considering it to be the “honorable thing to do.”

Sen. Ron Johnson (R-WI): “You know how much I've lost in terms of opportunity cost since that point in time,” Johnson said. “I’m going to vote ‘no’ now. We don't want to turn Congress into a rich man's club.”

Johnson is one of the richest members of the Senate, with a net worth of more than $39 million in 2018, according to Open Secrets.

Sen. Josh Hawley (R-MO), a co-sponsor of the bill, argued with his Republican colleagues who challenged the bill, saying “there's always an excuse for why we can't do a stock trade bill. I've heard this for years.”

“Congress is a rich man's club. That's the problem. That's what we're trying to fix,” Hawley said.

As currently written, Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, would force Trump to sell his stocks or face a ban from becoming president if he wins.

The bill passed out of the senate committee with an eight to four vote.

White house source told us: "President Biden is planning to sign the bill."

If Biden signs the bill, Trump has to sell all his stocks or face a ban from becoming president if he wins.

READ FULL BILL BELOW

rosen.senate.gov/2024/07/24/in-…

Here's a Video of Senators talking about the Bipartisan ETHICS Act To Ban Lawmakers - also Trump if he wins From Buying And Trading Stock.

The bill would prohibit the President along with members of Congress from owning stocks and other financial securities. It will ban Trump from becoming President If Trump Wins and refuses to sell His stocks before taking office.