House Democrats to propose ban on lawmaker stock trading

Re:House Democrats to propose ban on lawmaker stock trading ... by tootallgavin on Thursday July 28, 2022 @12:54PM (#32266969)

> Politicians don’t receive money directly from lobbyists and donors. Doing so would be a violation of rules against taking bribes.

> a congresspersons power within the party is directly correlated to their ability to fundraise for the party

I agree, trading stocks is an easy, relatively passive way of doing this.

[ Parent | on HN ]

Re:House Democrats to propose ban on lawmaker stock trading ... by wbsss4412 on Thursday July 28, 2022 @01:00PM (#32267075)

I’m not sure what connection you’re drawing here.

The main issue at hand is related to the fact that congresspeople are able to trade stocks on the basis of the insider information they have about upcoming legislation/changes to government policy.

[ Parent | on HN ]

Re:House Democrats to propose ban on lawmaker stock trading ... by tootallgavin on Thursday July 28, 2022 @01:53PM (#32267901)

I know. There always going to people smarter than me in more privileged positions than me. It would be weird if said people acted in a way that would incapacitate themselves. (Here, I am referring to the congresspeople)

There are laws in place that govern congresspeople's trades. These are ignored. They should be enforced. If congresspeople (or who?) are ignoring/not-enforcing the previous laws, what are they going to do with these new ones?

[ Parent | on HN ]