Congressional Stock Trading Should Be Banned. Period.

Source: Common Dreams
by Meghan Faulkner

“Members of Congress have access to non-public information and the ability to influence legislation, giving them an advantage in the stock market over the rest of us. It’s no wonder Senators Richard Burr and Kelly Loeffler’s multiple stock trades in early 2020, including of companies likely to be impacted by the escalating coronavirus pandemic, inspired so much outrage. Recent reporting that Burr spoke with his brother-in-law in February 2020, who then called his stockbroker one minute later and dumped tens of thousands of dollars worth of stock, has renewed anger and sparked additional calls for reform and accountability. It’s disturbing to think that any elected official’s focus could be on their own profits, rather than their constituents’ needs. So far, it’s unclear whether members of Congress share the same concern.” (11/19/21)