Hi,

There's huge new momentum in Congress to finally ban lawmakers from buying
and selling individual stocks, with several bills being proposed this
month.

But House leaders still haven't acted, despite a series of recent
scandals. This week more than two dozen members of Congress sent a letter
to Nancy Pelosi and Kevin McCarthy urging them to quickly pass this
legislation.^1

If we want this legislation to pass, we need your help showing Congress
the American people expect them to make it law.

[ [link removed] ]Sign the petition: Stop members of Congress from buying and selling
stocks while in office!

ADD YOUR NAME

In the last few years Congress has been rocked by numerous scandals
involving members of Congress profiting from their insider knowledge. In
2019, Rep. Chris Collins pleaded guilty to federal charges related to
tipping off his son about nonpublic information he had obtained about a
pharmaceutical company's failed drug trial. (Trump later pardoned him.)^2

Then there was the news that federal prosecutors were investigating
whether Senators Kelly Loeffler, Richard Burr, Jim Inhofe, and Dianne
Feinstein may have profited from insider information about the coronavirus
in February 2020 as the pandemic was unfolding. Though Trump's Department
of Justice declined to file charges against the four, the SEC is
continuing to investigate Burr.^3

These are just the scandals we know about. It's clear that allowing
members of Congress to trade stocks while they’re in office is too big a
risk to the integrity of our legislative system.

Last month Nancy Pelosi dismissed calls to ban members of Congress from
buying and selling stocks. This provoked a major outcry from the American
people.

Under pressure, Pelosi has begun to backtrack, saying "if members want to
do that, I'm okay with that."^4 That’s better, but it's not exactly a
ringing endorsement or a commitment to act quickly.

Many current legislators profit from lobbying and stock trading. Massive
corporations, lobbyists, and some of the wealthiest lawmakers have no
interest in ending DC corruption.

But these lawmakers answer to the public, and are vulnerable to grassroots
pressure. We need to raise the alarm about Congressional stock trading,
and we need your help doing it.

[ [link removed] ]Tell Congress: It's time to clean up your act and stop buying and
selling stocks while in office!

Thanks for taking action,

Tal and the team at Demand Progress

[ [link removed] ]DONATE

Sources:
1. CNBC, "27 lawmakers call on House leaders to ban members from stock
trading," [ [link removed] ]January 24, 2022.
2, 3. CNBC, "House Speaker Nancy Pelosi opposes banning Congress members
from owning individual stocks: 'We're a free market economy'," [ [link removed] ]December
15, 2021.
4. Business Insider, "Pelosi Reverses on Stock Trade Ban: 'If Members Want
to Do That, I'm Okay With That'," [ [link removed] ]January 20, 2022.
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