Posted 3/17/2024, 11:38:13 AM
Calls Grow to Ban Congress Stock Trading After Huge Gains
- Campaign building to ban Congress members from trading stocks after some made huge gains, outperforming the market significantly
- Several members of Congress, like Nancy Pelosi and Brian Higgins, made returns of 60-238% last year
- Over $1 billion in Congressional trades made in 2022, with Democrats making the most trades and beating Republicans in performance
- Calls to ban politicians and families from owning or trading stocks with the ETHICS Act, already has some support
- Polls show 70% of Americans support a trading ban, but strict legislation not yet passed despite some support