John,
Did you get a chance to read Robert Reich's message below about banning
Congress from trading stocks?
I hope you'll take a moment to read through it then add your name to tell
your representative to pass the Ban Conflicted Trading Act — which will
ban members of Congress from using their privileged status to profit off
trading individual stocks.
Add Your Name: [link removed]
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John,
This past week, news broke that Senator Rand Paul did not report his
wife’s February 2020 stock purchases of Gilead, the company whose
antiviral drug was the first to receive emergency use authorization as a
potential Covid-19 treatment from the Food and Drug Administration in May
2020.
Consider the timing of when she bought this stock, months before the drug
was used as an antiviral treatment and before the American public
understood the serious nature of the virus.
This is the latest example of Members of Congress using confidential
information to serve their own financial interests.
Last year, former Senator Kelly Loeffler was caught in a highly suspicious
stock trade when she sold off $20 million in stock between a classified
Covid-19 briefing on January 24, 2020 and when the market crashed in March
-- all while misleading the public about the dangers of the coronavirus.
Rep. Alexandria Ocasio-Cortez reminded us this week that she has already
introduced legislation to address this unethical behavior: the Ban
Conflicted Trading Act, a bill that would bar members of Congress and
senior congressional staff from buying or selling individual stocks.
With enough public pressure from you and progressives across the country,
we can force Democrats in Congress to respond.
[ [link removed] ]Join me, AOC, and DFA as we demand Congress pass the Ban Conflicted
Trading Act to stop members of Congress from buying and selling individual
stocks for personal gain.
Add Your Name: [link removed]
Members of Congress and their closest staff have access to information
that can impact stock prices beyond what is available to the average
American.
They should not be allowed to profit from their positions of power.
That’s why the Ban Conflicted Trading Act is so critical.
The premise is simple. Any elected official, no matter their party, should
be banned from buying or selling individual stocks.
Members of Congress are elected to represent the interests of the people,
not the amount of money in their brokerage accounts.
[ [link removed] ]Stand with me, AOC, and DFA to and demand Congress pass the Ban
Conflicted Trading Act, a way to keep members from acting on private
information to buy and sell individual stocks for personal gain.
Add Your Name: [link removed]
Congress’ first obligation is to the American people. Acting on nonpublic
information to cash out before crashes — and invest in the individual
stocks of companies well before anyone in the general public would have
thought to — because of your privileged status as a Member of Congress is
corruption, plain and simple.
Together, we can stop Congress from putting their financial interests
before the health, safety, and welfare of the American people.
Thank you for taking action.
In solidarity,
Robert Reich
Former Secretary of Labor
Co-Founder, Inequality Media Civic Action
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