From Team Gillibrand <[email protected]>
Subject NEWS: Senator Gillibrand introducing bipartisan bill to ban members of Congress from holding or trading individual stocks
Date July 19, 2023 4:25 PM
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[[link removed]] Friends, [[link removed]]
Today, Senator Kirsten Gillibrand unveiled her landmark Ban Stock Trading for Government Officials Act – the most substantial bipartisan effort yet to ban stock trading and restore faith and accountability in our elected officials.
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A majority of Americans – regardless of political party – believe that members of Congress shouldn’t be able to own or trade stocks. And it’s no wonder:
*
1
in
3
members
of
Congress
traded
stocks
or
other
financial
assets
from
2019
to
2021.
*
1
in
7
members
of
the
117th
Congress
violated
Kirsten’s
STOCK
Act
by
failing
to
properly
report
their
stock
trades.
*
Members
of
Congress
conducted
a
staggering
3,700+
stock
trades
from
2019
to
2021
that
potentially
posed
conflicts
of
interest
.
*
And
members
of
Congress’
stock
portfolios
outperformed
the
S&P
500
by
an
average
of
17.5%
in
2022.
It is critical that the American people know that their elected leaders are putting the public good first – not abusing the power of their office to line their own pockets.
That’s why Kirsten was the first member of Congress to post a daily report listing her official meetings, personal financial disclosures, taxes and earmark requests online. And it’s why, in 2012, she introduced and passed the STOCK Act, which banned members of Congress from engaging in insider trading.
Sunlight is always the best disinfectant. Thank you for standing with Kirsten in this fight.
- Team Gillibrand
P.S. Kirsten’s campaign doesn’t accept donations from corporate PACs or federal lobbyists – it is entirely powered by grassroots supporters like you. So please, make a contribution in support of her campaign today to help her continue her work to clean up Washington.
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A note from Kirsten:
Friend, I can’t thank you enough for standing by my side in the critical fights ahead of us. As Democrats face our toughest Senate map in decades, I need your help more than ever.
While Republicans only have to defend 10 seats in 2024, Democrats have to defend 23 – and if the GOP flips just two of them, it will deliver Senate control back to Mitch McConnell. Now, experts at FiveThirtyEight are saying that the GOP has a clear path to the majority.
As right-wing special interests gear up to pour millions into flipping the Senate, we need to fight back right now. But I refuse to take a single cent from corporate PACs, which means I’m relying on your grassroots support. So please, chip in to help defend our narrow Democratic Senate majority. [[link removed]] And if you’d like to become a core member of my team and receive exclusive texts from my campaign, text JOIN to 60708. [[link removed]]
Thank you,
Kirsten Gillibrand
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