From Team AOC <[email protected]>
Subject Ban stock trading in Congress
Date February 3, 2022 4:47 PM
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[ [link removed] ]Alexandria Ocasio-Cortez for Congress


Here’s the situation:

Members of Congress have access to sensitive and privileged information as
part of their jobs to be able to anticipate and legislate for what’s to
come.

But right now, Members of Congress are able to use this sensitive
information to make huge profits from buying and trading individual stocks
that they know will perform well.

It’s how we end up with situations like this:

[ [link removed] ]NY Times: Kelly Loeffler and Richard Burr Were Briefed on Coronavirus.
Then They Sold Stocks. What Now?

[ [link removed] ]Business Insider: Marjorie Taylor Greene, who has boasted about being
unvaccinated, owns stock in 3 major vaccine makers

Alexandria has repeatedly said that Congress members should not have the
ability to access privileged information and be able to hold and trade
individual stock. It's why she’s worked with her colleagues to ban members
of Congress from trading individual stock for YEARS.

There have been lots of stories and scandals about stock trading, but now
– thanks to increased public pressure and attention – we may have a shot
to pass this ban once and for all.

[ [link removed] ]But we need to keep the pressure up. Please add your name here if you
agree with Alexandria and support a ban on members of Congress trading
individual stocks.

[ [link removed] ]Add your name →

To be clear, it’s one thing to have a blind trust or invest in a mutual
fund or index fund. These are vehicles of investment that are broad and
that individuals in Congress don’t have control over.

But the fact is that a majority of Congress members hold and trade
individual stocks. Last year, there were at least 75 members of Congress
who held individual stock in Johnson & Johnson, Moderna, and Pfizer.^1
That’s where we should be drawing the line.

[ [link removed] ]If you agree that we should ban stock trading for ALL members of
Congress, please add your name next to Alexandria’s and help grow our
movement to make sure this becomes law.

In solidarity,

Team AOC

 

1 - [ [link removed] ]Business Insider


 

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