[link removed] [[link removed]] John,
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.
By trading individual stocks in companies about which they may have confidential information or companies they have an opportunity to regulate, members of Congress have serious conflicts of interest. Here are a few examples:
*
In
2020,
at
least
75
members
of
Congress
owned
shares
in
Pfizer,
Moderna,
and
Johnson
&
Johnson
while
simultaneously
being
asked
to
vote
on
legislation
that
could
have
had
a
direct
impact
on
these
companies’
share
prices.
*
CREW
reported
that
10
senators
own
up
to
$1.2
million
in
stock
in
Big
Oil
companies,
while
sitting
on
committees
tasked
with
environmental
regulation
and
voting
on
climate
bills.
*
The
Daily
Beast
just
reported
that
in
August
2020,
Rep.
Mike
Garcia
sold
up
to
$50,000
in
Boeing
shares,
weeks
before
his
committee
released
the
damning
results
of
its
investigation
into
deadly
crashes
involving
the
company’s
737
Max
airliner.
Americans shouldn’t have to be concerned about members of Congress being more focused on their stock portfolio than on the country’s problems and their constituents’ best interests.
Congress must pass a total ban on the ownership or trading of stocks (including the members’ spouses and dependent children) and have a clear way to enforce this ban and hold accountable those who violate the ban.
Sign our letter to Congress urging them to pass a comprehensive ban on Congressional stock trading → [[link removed]]SIGN NOW → [[link removed]]
Not only can members of Congress still actively trade stocks, which raises conflict of interest issues — many of them are not even consistently complying with very basic transparency laws and reporting their transactions in a timely manner.
In order to avoid questions about stock trading and potential conflicts, disclosure is not enough: members of Congress should not be buying and trading stocks while in office at all.
Without comprehensive reform banning this practice, these transactions and the conflicts that arise from them will continue to erode public confidence in Congress and our democracy.
That’s why CREW has urged Congress to act on a comprehensive Congressional stock ownership and trading ban, and we want you to help us show them that there is nationwide support for this ban.
Add your name to our letter today urging Congress to pass a comprehensive ban on Congressional stock trading → [[link removed]]
Thanks,
CREW Petitions
DONATE NOW → [[link removed]]
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