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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 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.
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.
Khanna introduced a five-point reform ban to ban stock trading for members and spouses, to ban all PAC and lobbyist money, to have term limits for members of Congress and Supreme Court Justices, to ban Members of Congress from ever becoming lobbyists, and to have a judicial code of ethics for the Supreme Court. [126] [127]
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 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 ...
The US dollar has lost 87% ... and legislative branches of the U.S. federal government through five key steps — including yet another attempt to ban members of Congress from trading stocks. ...
More lawmakers are rallying behind legislation to ban stock trading by members of Congress. Congress stock trading risks 'unacceptable' weakening of trust, congressman says [Video] Skip to main ...