While he believes that some members of Congress have engaged in insider trading, Rep. Byron Donalds, R-Fla., told Newsmax Friday that all members should not be denied “their constitutional rights to own assets” because a few members have “a very low ethical standard.”

On Wednesday, Sen. Josh Hawley, R-Mo., voted to advance the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, out of the Senate Homeland Security and Governmental Affairs Committee. If passed, the bill would ban members of Congress from trading or holding individual stocks.

During an appearance on “National Report,” Donalds said he thinks Hawley’s bill “needs to be amended” because there are a lot of members on Capitol Hill “who do not personally trade securities.”

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