Dear John,
According to a bombshell report released yesterday, at least 75 federal lawmakers bought and sold stock in companies that make Covid vaccines, tests, and treatments during the pandemic.
Yes: members of Congress use privileged information to make money on the stock market — while they’re supposed to be working for you.
Simply put, this is legalized corruption.
|
|
|
|
There is an obvious solution to all this: bar members of Congress from trading individual stocks.
The proposed Ban Conflicted Trading Act does just this. Lawmakers would have six months after being elected to sell their individual holdings, transfer them to a blind trust over which they have no control, or hold onto them until they leave office without trading them.
With distrust in government near an all-time high, even the appearance of a conflict of interest hurts our democracy.
Members of Congress are elected to represent the interests of the people, not the money in their brokerage accounts.
Banning members of Congress from trading individual stocks is a no-brainer. Let’s get it done.
Call your representatives and demand they pass this crucial legislation: (202) 224-3121
Thanks for taking action,
Robert Reich
Inequality Media Civic Action
|
Copyright © 2021 Inequality Media Civic Action, All rights reserved.
Our mailing address is:
P.O. Box 9323
Berkeley, CA 94709
If you believe you received this message in error or wish to no longer receive email from us, please unsubscribe.