The calls are coming from inside the House: Does Nancy Pelosi have any hope of p...

With the midterm elections fast approaching, a number of priorities have taken the backseat as lawmakers fight to hold onto their seats in Congress.

Among the sidetracked legislation is a bill introduced by Democrats in September that would ban senior government officials from owning and trading stocks.

The bill, called the Combating Financial Conflicts of Interest in Government Act, is an attempt to limit conflict of interest for public office holders and their families when it comes to their investments.

If it’s passed, several people who hold senior public positions won’t be allowed to own or trade securities, commodities, futures, crypto currencies or other digital assets.

But election day is around the corner, and with pollsters predicting Democrats could lose ground in both the House of Representatives and the Senate, the future of this bill seems more uncertain than ever.

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What the legislation hopes to accomplish

It’s no surprise that politicians and senior officials are well-connected people and have the inside track on new legislation that might affect a company or an industry. And while it doesn’t make them clairvoyant, it’s certainly an advantage when it comes to the market.

A survey, commissioned by conservative advocacy group Convention of States Action earlier this year, showed that more than 75% of voters believe lawmakers have an unfair advantage when it comes to trading in the stock market.

And those feelings aren’t unfounded.

A report from Business Insider revealed that 72 members of Congress didn’t report their financial trades as they are mandated to do by the Stop Trading on Congressional Knowledge Act of 2012.