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In 2020, a Republican senator from Georgia used confidential info about COVID to invest in body bags. We defeated that senator. But the corruption remains.
Senators Elizabeth Warren and Jon Ossoff, and Reps. Pramila Jayapal and Andy Kim (among others), are pushing new legislation to ban members of Congress, their families, and other top government officials from buying and selling individual stocks.
Our government relations team -- P Street, the progressive alternative to K Street -- is leading a coalition of a dozen organizations that has been urging the House Committee on Administration to hold a hearing on the proposals. That hearing will be held next week.
Momentum is growing for a ban on stock trading in Congress by the day. And it is easy to see why.
A recent Insider report showed that in 2020 and 2021, dozens of lawmakers flouted even the existing -- toothless -- rules that require lawmakers to report stock trades.
A New York Times Editorial demanded, "Members of Congress should not be trading stocks, ever....The nation is experiencing a crisis of confidence that is eating away at its strength and unity. Americans have lost faith in Congress. Now is the moment to drive home this popular, common-sense reform."
But we're up against some very powerful people. It will take the voices of voters to pressure Congress to end insider trading and self-dealing in the halls of the Capitol.
This is a moment where public outcry can get this across the finish line. Can you sign on as a supporter today? (On the page, you will have the option of sharing a comment with the media.)
Thanks for being a bold progressive.
-- The PCCC Team (@BoldProgressive)
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