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John,

Sign the petition: Members of Congress should not be allowed to own or trade individual stock.

It seems like a given that members of Congress shouldn't be allowed to invest in the very industries they oversee. Yet, they do just that. In 2021, 54 members of Congress and at least 182 top staff members violated the STOCK Act, which requires that members disclose financial trades within 90 days.

In 2020, 75 lawmakers held stocks in vaccine producers Moderna, Johnson & Johnson, or Pfizer. Most of those trades happened in the early weeks of the pandemic. Fifteen Congress members that have a hand in molding defense policy invest in military contractors. Over a dozen members in key roles shaping energy policy invest in fossil fuel corporations. The list goes on.

The Ending Trading and Holdings in Congressional Stocks (ETHICS) Act would prohibit members of Congress, their spouses, and dependent minors from owning or trading stocks, commodities, or futures. The Senate version of the bill is sponsored by Sen. Jeff Merkley (D-Ore.) and has the support of over 20 lawmakers, while companion legislation is sponsored by Reps. Raja Krishnamoorthi (D-Ill.) and Michael Cloud (R-Texas) in the House. 

Three in four voters agree that members of Congress should be banned from trading stock. Lawmakers are in Congress to serve, not to gain an unfair advantage in the stock market.

Sign the petition: Members of Congress should not be allowed to own or trade individual stock.

Cliff

 

 
 
 
 
 
 

Cliff Schecter

President, Blue Amp Action

Amplify Good

 

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About BlueAmp Action:

We cannot sugarcoat the current situation. Right-wing authoritarianism, defeated by a worldwide coalition during WWII, was only in hibernation. Over the past decade it has infected democratic societies--including ours. It is as simple as it is terrifying: What we do now will define the future of our country and world. 

We at Blue Amp Action are dedicated to liberal, open societies, where reason and science are applied to solve our problems; where civil rights--including voting rights!--are protected for all. We fight for these values every day. Speaking up on our platforms, raising the voices and the political prospects of liberal pols and pundits. 

And savvy grassroots activists like you know, just like we do, that we can’t stop watching the people we help elect: after the elections, we have to keep organizing support for the policies we like and pushing back against the ones we don’t.

When the public tunes out between elections and the only people our elected officials hear from are the paid lobbyists of wealthy corporations, our government stops being accountable to the needs of ordinary families.

Democracy never sleeps, and neither can we.

So we ask that you support our work, so we can continue to engage in this fight every moment of every day. So our kids grow up in democracy, not dystopia.

Thank you for your support for all we do! Please follow Cliff Schecter on Twitter @cliffschecter, or subscribe to The Takedown with Cliff Schecter on YouTube, to keep up to date with this battle for the heart and soul of our country.

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