Florida congresswoman Lois Frankel sold her First Republic stock on March 16 while the share price was tanking, disclosures reveal

News comes out the same day as the bipartisan bill to ban Congress from trading stock by Ocasio-Cortez, Gaetz

Frankel said her 'account is managed independently by a money manager who buys and sells stocks at his discretion'

A Democrat congresswoman sold shares in First Republic Bank while the price was tanking - then purchased stock in JPMorgan before it took over the doomed institution.

The news comes the same day a bipartisan bill was introduced by left-wing 'squad' member Alexandria Ocasio-Cortez and Trump supporter Matt Gaetz to ban stock trading by members of Congress. 

Florida legislator Lois Frankel sold her First Republic stock on March 16 while its value was sinking.