Jack,
sign the petition: Members of Congress should not be allowed to own or trade individual stocks because they can benefit from insider trading.
SIGN THE PETITION
It seems like a given that members of Congress shouldn't be allowed to invest in the very industries they oversee. Yet, they do just that. In 2021, 54 members of Congress and at least 182 top staff members violated the STOCK Act, which requires that members disclose financial trades within 90 days. And that's just the beginning. In 2020, 75 lawmakers held stocks in vaccine producers Moderna, Johnson & Johnson, or Pfizer. Most of those trades happened in the early weeks of the pandemic. Fifteen Congress members that have a hand in molding defense policy invest in military contractors. Over a dozen members in key roles shaping energy policy invest in fossil fuel corporations.
Sign the petition: Members of Congress should not be allowed to own or trade individual stocks
SIGN THE PETITION
Congress members who use their power for personal gain have managed to dismantle ethical standards, avoid consequences, and gaslight the public into brushing off moments when personal finances clashed with public duties.
Congress is currently working on bills that tackle this issue. The Ban Conflicted Trading Act would prohibit members of Congress and their staff from purchasing or selling specified investments, entering into a transaction that creates a net short position in a security, or serving as an officer or member of any board of any for-profit entity.
The American people have the right to be protected from lawmakers seeking to enrich their own pockets using that power.
"There's widespread bipartisan disgust with America's political class, and stock trading by members of Congress is egregious and offensive," Senator Jon Ossoff said recently, and he's right. Three in four voters agree that members of Congress should be banned from trading individual stocks.
Sign the petition: Members of Congress should not be allowed to own or trade individual stocks
SIGN THE PETITION
Thank you for fighting with us,
Mayra Souza, Daily Kos
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