John,
It’s a blatant conflict of interest for members of Congress to own and trade stocks.
But there’s good news: there’s been significant progress toward passing a ban on Congressional stock ownership.
We’re not quite there yet though. That’s why we need to keep the pressure on Congress to pass a comprehensive ban on stock ownership—one that includes members’ spouses and dependent children, and has a clear and effective enforcement mechanism.
Sign on now to call on Congress to pass a strong ban on Congressional stock ownership. >>
Dozens of members of Congress have violated the STOCK Act in the last year by failing to report their stock trades within 30 days. But disclosure is not enough, even when they do report within the required window. Because members of Congress can write and vote on legislation that affects the companies in which they own stock, they have a clear-cut conflict of interest.
And because public service is a public trust, it’s not too much to ask for them to invest in diversified mutual or index funds, rather than individual stocks. In fact, that’s the way most Americans invest, and it’s a simple solution to the conflicts posed by stock ownership.
Public pressure has gotten us this far—will you add your name to help keep the pressure on Congress to act and pass a ban on Congressional stock ownership?
Thank you,
Noah Bookbinder
President, CREW
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