We’re drawing the line on insider trading in Congress.
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.
And 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.
Earlier this year, we emailed asking folks to sign our ‘Ban Members of Congress from Trading Stocks’ petition to help Alexandria and our movement keep up the pressure to end this practice. 5,295 folks signed the petition!
And our mounting pressure is working:
Will you join Alexandria and our movement by adding your name to our petition demanding a ban on members of Congress trading individual stocks? Your signature will help us keep up the pressure to pass this ban now.
Add your name
Alexandria has worked with her colleagues to ban members of Congress from trading individual stock for YEARS. She’s repeatedly said that Congress members should not have the ability to access privileged information and be able to hold and trade individual stock.
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.
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.
If you agree that Members of Congress should not be profiting off of sensitive and privileged information, add your name to our petition now.
In solidarity,
Team AOC
1 - Business Insider