, which tracks lawmakers' disclosures, members of Congress and their immediate family bought and sold $515 million in stocks and other assets over the past year. Analysis by Capitol Trades showed the most active sectors were tech, energy and telecom and media.Lawmakers with the most activity included Reps. Josh Gottheimer , Rohit Khanna and ScottMany of Gottheimer's holdings were listed as joint assets.
Sen. Jon Ossoff questions Treasury Secretary Janet Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, September 28, 2021.Democratic Rep. Abigail Spanberger of Virginia said she was dismayed by the allegations of insider trading on the Hill. She vented her frustration alongside Rep. Chip Roy, R-Texas, while on the House floor.
Other lawmakers have called for tighter rules that would still allow members of Congress to own stock. The Ban Conflicted Trading Act, led by Sen. Jeff Merkley, D-Ore., would prohibit buying and selling while in office, but lawmakers could still opt to hold on to their assets. Members could also choose to divest up to six months after their election.
Members are also supposed to disclose transactions within 45 days, but the requirement is rarely enforced. The penalty for a first-time offense is $200. An investigation by Business Insider found that 52 lawmakers had violated the rules last year.
ylanmui So you’re saying they don’t want to curb their ability to make money off inside information? Shocking! Can you get me a job where I can decide how much money I should make too? Smdh… of course they don’t… makes being a Congressperson less profitable.
ylanmui Mutual funds and can only trade on 2 specific days of the year.
ylanmui Their conflict of interest should prevent anyone in their family from trading.
ylanmui Mutual funds only, no individual stocks while in office.
ylanmui Yes. One side wants to make it ok for insider trading. But, only for them. And , the other side wants to create new oversight committees to create rules with many loophole’s , or turn a blind eye to insider trading .
ylanmui What a shocker Securities professionals would go to jail for the things most of our lawmakers do.
ylanmui I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Derrick_Jones39 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him
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