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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.
The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub. L. 112–105 (text), S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012.
Congressional stock trading has been a contentious issue in Washington, with Sen. Jon Ossoff proposing legislation to ban it, but a blanket ban would be unfair to lawmakers with lower salaries.
A bipartisan proposal to ban trading by members of Congress and their families has dozens of sponsors, but it has not received a vote. Although lawmakers are required to disclose stock ...
Congressional stock trading is back in the limelight following a New York Times analysis that found 97 members of Congress engaged in stock market transactions that could potentially be seen as ...
Congresstrading.com is a commercial website that provides access to a database of financial disclosures of members of the United States Congress. [1] It also provides a forum to discuss Congress' stock trades, according to WXII 12, an NBC affiliate news station. [2] Congress is required to publicly disclose their financial transactions by the ...
The report comes as several bipartisan measures aimed at banning the trading of stocks of individual companies by members of Congress appear to have stalled, despite overwhelming public support. A ...
That Congress members disclose their trades at all is the result of the 2012 STOCK Act, which followed reports of lawmakers making out handsomely around the 2008 financial crisis.