A representative from Silicon Valley says members of Congress should not be able to profit from financial market decisions while holding public office — and he intends to do something about it.

Rep. Ro Khanna announced that he is preparing legislation aimed at prohibiting lawmakers from buying or selling individual stocks and cryptocurrency while they serve. The plan would bar elected officials from engaging in financial trades that could raise questions about conflicts of interest or insider knowledge based on their government responsibilities.

Khanna stressed that public trust in government has been damaged by repeated reports of politicians making well-timed trades that coincide with closed-door briefings or policy decisions. He argues that people in positions of power should not be able to personally benefit from investments that could be influenced by the laws they write or the information they receive.

The congressman said he intends to seek support from both Democrats and Republicans, noting that frustration over lawmakers’ financial dealings has become a rare point of agreement among voters across the political spectrum. Critics from liberal and conservative groups have repeatedly called the current system unfair and unethical.

Khanna hopes that accomplishing this reform will help restore confidence that elected officials are focused on representing the public rather than protecting their own portfolios.