WASHINGTON, DC. – New Mexico lawmakers pushed for a broader stock trading ban in Congress and the executive branch, saying the Senate bill leaves major loopholes.

Congress returned to session as lawmakers weighed whether members of Congress should be allowed to trade stocks.

Last week, KOB 4 reported on the Stop Insider Trading Act, a bipartisan bill now in the Senate. If passed, it would ban members of Congress from purchasing new stocks and require a week’s notice before lawmakers or their family members sell stocks.

Some lawmakers said the bill does not go far enough. On Capitol Hill, New Mexico representatives Teresa Leger Fernández and Gabe Vasquez joined Democratic colleagues to support a broader bill, The Restore Trust In Government Act that would restrict stock trading in Congress and the executive branch. The bill would also require congressional members to offload their stocks within six months.

“As the House comes back into session, I stand here with my colleagues to say, to make it abruptly clear to Speaker Johnson, to President Trump and the entire country that the battle to crack down on corruption in Washington and truly ban insider training is far from over,” Vasquez said.

Vasquez also criticized the current bill in the Senate, including that bill includes voter ID requirements. The bill would require voters to show photo ID in federal elections. Vasquez staff previously told KOB 4 that the bill would require the IDs to have expiration dates which he worries would impact some tribes.

“The bill that they’ve tried to brand as a solution to corruption in Washington is riddled with gaping loopholes and attacks on American Citizen’s voting rights and it would allow members of Congress keep the stocks that they already have, it would do nothing on corruption and insider trading by the president or the vice president,” Vasquez said.

Leger Fernandez echoed Vasquez’s concerns and criticized Republicans’ claims about the measure

“Republicans are traveling the country claiming they banned stock trading. They did not, their bill is fool’s gold, it’s fool’s gold,” Leger Fernández said.

She also criticized the measure for leaving the executive branch out and pointed directly to President Trump.