Jack, sign the petition: Members of Congress should not be allowed to own or trade individual stock.
SIGN THE PETITION
It should be a given that members of Congress shouldn't be allowed to invest in the very industries they oversee. Yet, they do just that.
Reports have revealed that numerous members of Congress and their staff have violated a financial conflict-of-interest law, STOCK Act, which requires lawmakers to disclose financial trades within 90 days. Yet, they're reprimanded with barely a slap on the wrist.
It's a major conflict of interest for members of Congress to own or trade individual stock. Many lawmakers have made trades in industries directly related to their legislative responsibilities, including pharmaceuticals, defense, energy, and even Covid.
Sign the petition: Members of Congress should not be allowed to own or trade individual stock.
SIGN THE PETITION
This pattern of behavior undermines public trust in our political institutions. It creates a perception, or in some cases a reality, that our elected representatives are using their positions of power to unfairly benefit from insider information.
Both the U.S. Senate and the House of Representatives have proposed bills that limit or ban Congress members from buying or selling individual stocks. The Senate version (PDF) of the bill is sponsored by Sen. Jeff Merkley (D-Ore.) and has the support of over 20 lawmakers. Meanwhile, Democratic Reps. Alexandria Ocasio-Cortez and Raja Krishnamoorthi, and GOP Reps. Matt Gaetz and Brian Fitzpatrick have just unveiled the bipartisan Restoring Faith in Government Act.
Lawmakers benefiting financially from insider information relating to their legislative duties is completely unacceptable. They are in Congress to help their constituents, not to line their pockets.
Sign the petition: Members of Congress should not be allowed to own or trade individual stock.
SIGN THE PETITION
Thank you for fighting with us,
Mayra Souza, Daily Kos
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