Conflict of interest is defined as a situation in which a person is in a position to derive personal benefit from the actions or decisions made in their official capacity. A textbook example would be Congressmembers investing in an industry they oversee.
At least fifty-seven members of Congress and 182 senior level staffers have been caught trading stocks with little to no penalty.
Members of Congress must be banned from trading individual stocks while serving. They can’t be accountable to their constituents if they are playing the stock market!
It was uncovered that members of Congress were trading pharmaceutical and vaccine stocks in the early weeks of the COVID pandemic.
They were trading defense industry stocks while making defense policy. And lawmakers that were getting richer off of their fossil fuel stocks were in charge of our environmental policies.
This is but a small sampling of the potential insider trading that takes place in the halls of power. It is corruption, and it’s hurting our democracy.
Lawmakers whose fortunes are tied to individual company stocks can’t be trusted to represent the interests of their constituents.
A democracy of the rich is not a democracy.
-The Six PAC
The Six PAC is a Federal PAC created to support six carefully selected rural and progressive Democrats. We will focus on candidates who need early money, who face tough primaries against establishment candidates, and who are committed to building power for their community. We will accept no corporate money. This is grassroots money for grassroots candidates. Chip in $3 or more to our work here.
Facebook - Twitter
Paid for by the Six PAC, thesixpac.com, not authorized by any federal candidate or candidate’s committee. FPPC ID #1438880
To contribute by mail, send a check to:
The Six PAC
c/o Taylor Kovach, Deane & Co.
1787 Tribute Rd Suite K
Sacramento, CA 95815
.png)