“It’s a giant red flag when so many representatives are beating out the S&P 500 despite the most tumultuous market in years, raising questions whether some are taking advantage of their privileged positions,” said one ethics advocate. The government watchdog Accountable.US reported Friday that a majority of incumbent members in the U.S. House of Representatives […]
“When members have access to classified information, we should not be trading in the stock market on it,” said Rep. Alexandria Ocasio-Cortez. “It’s really that simple.” Four members of the U.S. House of Representatives from across the political spectrum came together on Tuesday to introduce the Bipartisan Restoring Faith in Government Act, which would ban federal […]
“It’s time for Congress to act and ban members from trading stocks while they’re in office.” The momentum behind a widely popular effort to ban stock trading by members of Congress is growing, with Senate Majority Leader Chuck Schumer reportedly instructing fellow Democrats to unite behind a specific legislative proposal. “After weeks of silence, Senate Democratic […]
ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Federal authorities are scrutinizing Sen. Richard Burr’s stock sell-off before the market crash triggered by the coronavirus outbreak, CNN reported on Sunday. The news comes less than two weeks after […]