In the midst of discussions concerning the possibility of prohibiting Congress members from trading in the stock market, former President Donald Trump has added his voice to the mix.
The 45th president has singled out Democratic House Speaker Nancy Pelosi particularly, saying that she should not be allowed to keep trading individual stocks.
Recently, it was discovered that dozens of members of Congress had violated the Stop Trading on Congressional Knowledge Act of 2012 by not disclosing their financial trades. There were 54 members who failed to properly report their trades, Insider reported.
The STOCK Act was passed to limit potential conflicts of interest and to encourage congressional members to be transparent about their personal finances.
But since it was discovered that so many members were violating the act, there is now a bipartisan effort to ban senators and representatives from trading individual stocks in the stock market altogether, according to NPR.
Democratic Sens. Jon Ossoff of Georgia and Mark Kelly of Arizona, along with Missouri Republican Sen. Josh Hawley, have reintroduced the legislation to ban congressional stock trading, Newsweek reported.
“Year after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they’re supposed to be regulating,” Hawley said in a statement. “Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other at the expense of the country.”
Yeah so where are the charges against the ones who are violating this obviously indiscretion the law applies to us but not to that
Ban her from GOVT incl Congress !!!!!!
Time to Lock Up Pelosi for Jan 06 2021 !!!!
Time to IMPEACH Biden , Harris, Pelosi > Re-instate TRUMP !!!! SAVE America NOW !!!
Ban Pelosi from AMERICA !!!!!!
Ban ALL Anti-Americans from Congress & the White House & Supreme Court !!!!
Where is DOJ? Why are they not prosecuting them? All that have violated this Stop Trading Act should be prosecuted ASAP and all the profits plus interest they have accumulated from these trades should be turned over to the US TREASURY ASAP. Then they should be removed from their POLITICAL position and put in prison for a minimum of 20 years no parole.