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A ban on buying and selling stocks and options by members of Congress continues to heat up with a new bill proposed and several notable figures, including President Donald Trump, supporting the effort.

Speaker of the House Mike Johnson (R-La.) is also in favor of a ban according to recent comments.

What Happened: Sen. Josh Hawley (R-Mo.) has introduced the Preventing Elected Leaders from Owning Securities and Investments Act, or PELOSI Act based on the first letter of each of the main words. The name takes aim at Congresswoman and former Speaker of the House Nancy Pelosi (D-Calif.).

Pelosi, whose husband is a frequent stock trader and venture capitalist, likely doesn't support the bill that would limit her husband’s transactions while she's in office.

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One person showing support for the bill is Johnson, who, according to Benzinga's Government Trades page, has not bought and sold any stocks.

"I'm in favor of that," Johnson told reporters recently. "I don't think we should have any appearance of impropriety."

Johnson acknowledged that the counterargument to the ban is that Congress members’ salaries haven't kept up with inflation, and if this trend continues, there could be fewer qualified people running for Congress.

The Speaker said that stock trading activity by members of Congress has been ruined by "a few bad actors."

"I think it's been abused in the past."

Johnson said there is zero tolerance for "anything resembling insider trading."

President Trump also recently said he would support such a ban, and that he would sign the bill if it was passed by Congress

“Well, I watched Nancy Pelosi get rich through insider information, and I would be okay with it. If they send it to me, I would do it,” Trump told TIME.

See Also: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.

Why It's Important: Hawley said the bill will help "restore Americans' trust in our nation's legislative body."

“Members of Congress should be fighting for the people they were elected to serve — not day trading at the expense of their constituents,” Hawley said. “Americans have seen politician after politician turn a profit using information not available to the general public.”