Government officials should serve the American people -- not their stock portfolios.
That's why I don't own individual stocks, and first introduced an amendment back in 2012 that would ban all members of Congress from abusing their positions of power for their own personal financial gain.
Recently, I introduced a bill that would ban Federal Reserve officials from trading individual stocks, building on another piece of legislation I’m spearheading that would also bar Members of Congress from trading stocks.
Together, we can build an economy that works for everyone -- not just Wall Street and the privileged few at the top. Will you sign on your support for banning public officials from trading stocks while in office?
Too often, public officials who have access to inside information -- from legislation, hearings, investigations, and classified briefings -- trade stocks in affected industries. We’ve seen this play out recently as Members of Congress bought and sold stocks impacted by the pandemic.
Leaders in Washington should create policies based on what’s best for our economy and working people, and not their own bottom lines.
My bills would put in place strict new rules to prevent public officials from trading stocks while in office. And anyone who violates these rules would be subject to financial penalties.
For many working Americans, hard work isn’t paying off the way it should because our economy is built to benefit the top 1%.
We’re long overdue for leveling the playing field.
There’s a lot of grassroots momentum and we need to keep it up. Will you sign on to show your support for barring government officials from profiting off their positions of power?
With gratitude,
Sherrod
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