PROVIDENCE, R.I. (WPRI) -- Rhode Island Congressman Seth Magaziner has emerged as a leading voice in the effort to ban members of Congress from buying and selling stocks, which appears poised for a breakthrough this month.

"Everyone knows Washington is broken," Magaziner, a second-term Democrat, told 12 News last week. "Corruption and self-dealing are out of control."

Magaziner has spent months in private negotiations with an ideologically diverse group of lawmakers as they seek to reach consensus on how to structure a potential trading ban, which would also include lawmakers' family members. They are focused on prohibiting the purchase or sale of individual company shares, while still allowing legislators to own mutual funds.

The Wall Street Journal reported Friday, citing sources, tha

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