House Speaker Nancy Pelosi gave the go-ahead for the plan.

In the United States Congress this morning, House Speaker Nancy Pelosi officially gave the go-ahead for the drafting of new legislation that would bar members of Congress from trading stocks. The purpose of such a ban would be to ensure that Congress members cannot make political decisions with the intent of boosting the value of a company or sector that they own stock in, which would, ideally, make Congress’ intents more transparent.

“When you’re elected, you’re here to serve the people, not the elite, and [a stock trading ban] I think is a step forward, an important step forward, to restore the faith and trust of the American people in this institution,” Montana Republican Senator Steve Daines told CNBC.

There is definitely some truth to the concerns held by Pelosi and others; according to a recent survey conducted by Convention of States Action, approximately 75% of voters believe that Senators who own and trade stocks have an unfair advantage over everyone else, and only about 5% of voters believe it’s fair for Senators to own and trade stocks.

“The intent here is to ensure that members and their spouses are not trading or holding individual stocks and bonds and so forth,” Daines said. “Listen, you put your assets in a blind trust, you’re still aware of what assets were put in that blind trust. That’s just the reality of it, and we’re trying to reduce the conflicts of interest here.”