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Momentum Is Growing to Ban Congress Members From Trading Stocks

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Senate Majority Leader Chuck Schumer is reportedly instructing fellow Democrats to unite behind a proposal led by Sen. Jon Ossoff to ban members of Congress from trading stocks.

of using insider information to buy shares of companies that stood to benefit from the pandemic.

“Recent revelations about stock trades at the outset of the Covid-19 pandemic and economic downturn, increasingly prevalent violations of the STOCK Act’s reporting requirements, and investigations and even convictions of members of Congress pertaining to insider trading have all served to galvanize public interest and media scrutiny around real and perceived corruption in Congress,” a coalition of 14 advocacy groups wrote in a“The public needs to know that Congress recognizes the issue of...

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