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The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
For years, lawmakers in both parties have tried to pass legislation to ban members of Congress from trading stocks. It's popular with the American public. Both outgoing President Joe Biden and ...
President Biden in a new interview published Tuesday said there should be a ban on members of Congress trading stocks, taking a position on an issue that has entered the spotlight in recent years.
President Joe Biden lent his voice to growing bipartisan calls on the Hill to end stock trading for congressional members on Tuesday. "I don't know how you look your constituents in the eye and ...
The STOCK Act is an original bill to prohibit members of Congress and employees of Congress from using private information derived from their official positions for personal benefit, and for other purposes. With this bill in place, members of Congress are no longer allowed to use information garnered through official business for personal reasons.
John W. Langley (R-KY) resigned from the US Congress in January 1926, after losing an appeal to set aside his conviction of violating the Volstead Act (Prohibition). He had also been caught trying to bribe a Prohibition officer. He was sentenced to two years after which, his wife ran for Congress in his place and won two full terms. [137] [138]
The stock sales made by various lawmakers from both parties during the March banking turmoil are renewing calls for an outright ban of Congressional trading. ... 800-290-4726 more ways to reach us ...
Charles Christopher Cox (born October 16, 1952) is an American attorney and politician who served as chair of the U.S. Securities and Exchange Commission, a 17-year Republican member of the United States House of Representatives, and member of the White House staff in the Reagan Administration.