Former Congresswoman Elaine Luria, a Democrat who represented Virginia’s 2nd Congressional District from 2019 to 2023, has changed her position on banning members of Congress from owning or trading stocks. Luria now says she will support legislation to limit trading for lawmakers, citing the need to maintain public trust.
Background
Luria’s net worth skyrocketed during her time in office, going from $1.13 million to more than $22 million. Her husband purchased between $1,000 and $15,000 in Tesla Inc. stock as President Joe Biden’s signature Infrastructure Investment and Jobs Act was making its way through Congress. The bill appropriated $7.5 billion in funding for electric vehicle charging stations, aiming to incentivize buyers away from combustion engines and reduce carbon emissions.
Luria’s campaign did not immediately respond to a request for comment on her changed stance. In 2022, Luria told reporters that the concept of a stock ban was ‘bull—-‘. Her shift in position comes as she pursues office in one of the country’s most competitive districts.
Original reporting: Fox News (HLL/CB) — read the source article.
