Congress passed the Stop Trading on Congressional Knowledge Act (STOCK Act) in 2012, following more than 10 years of allegations of insider trading by members of Congress and staff. Initially introduced in 2006, Rep. Louise Slaughter (D-NY) and Rep. Brian Baird (D-WA) drafted the STOCK Act in response to insider trading allegations against Tony Rudy, a top aide to the onetime House Majority Leader Rep. Tom DeLay, as well as an insider trading scandal faced by Senate Majority Leader Bill Frist in 2005. Critics argue that The STOCK Act has failed to achieve its goal of penalizing members for…
Read more@ISIDEWITH2yrs2Y
No
@9HXHZVSIndependent4mos4MO
Brian higgins increased his increased his money by trading stocks by 238.9% Thats way more tyhan the averge person could do.
@ISIDEWITH1yr1Y
No, and do more to prevent insider trading by their friends and family
@9DZR42M9mos9MO
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
Yes
@9FLV5H38mos8MO
just show us where the money comes and goes, i don't think congress should be be crooked and get bloody rich
@9HXHZVSIndependent4mos4MO
This is the United States of America regular people have the freedom to change stocks therefore congress people should have that freedom as well.
@ISIDEWITH2yrs2Y
@ISIDEWITH1yr1Y
@9J4BFZW4mos4MO
No, their investments should be held in a blind trust and more should be done to prevent insider trading by their family, friends and coworkers
@9BXBCTN1yr1Y
Yes, but with strict protections against insider trading and as long as their trades are publicly reported in real time
@97MLL8T2yrs2Y
there should be no congress
@96T2WVQ2yrs2Y
Yes, but with strict protections against insider trading and their investments should be held in a blind trust UNTIL they are NO LONGER IN OFFICE. This could be considered INSIDER TRADING otherwise.
@9G3DHMG7mos7MO
No, and their investments should be held in a blind trust as well as doing more to prevent insider trading by their friends and family.
@9GTY55Z6mos6MO
No, and their investments should be held in a blind trust and do more to prevent insider trading by their family and friends, such as all family members must report their trades in real time.
@9C2W4QR1yr1Y
Yes, but not individual stocks.
@93MGBSN2yrs2Y
No, and their investments should be held in a blind trust and they should be audited before running for election
No, and substantially increase the financial penalties for insider trading
@99KTMZP1yr1Y
Yes, but only trades accessible to all citizens, and every one of their transactions should be published on-line in real-time, 24 hrs in in advance, with all citizens having the right and opportunity to make (if they choose) the same investments during that 24 hrs (e.g., have a "Nancy Pelosi" investment fund open to all) that match those of any congressperson, if they choose. Who wouldn't want to invest in a Nancy Pelosi index fund?
@98MMCB51yr1Y
I would say no but. To be honest I would just be more worried about what and who they are trading with.
If they are trading with an Enemy of The United States Of America such as Afghanistan or Russia or China or Vietnam or Cuba or North Korea or Palestine then no they should not be allowed to trade while in Congress. However if they are trading with an American ally like Taiwan or Israel or Canada or Germany I could really care less..
@488L62JLibertarian1yr1Y
Yes, but with strict protections against insider trading and their trades publicly reported in real time.
@99NZGT51yr1Y
I don’t know what this is
@97YM23V1yr1Y
@97FZC4GRepublican2yrs2Y
No and any immediate family should be barred from trading stocks to benefit that member of congress until retirement or leaving office.
@977QM3LLibertarian2yrs2Y
No, and it should be considered insider trading if they do trade stocks in office.
@96VY8BP2yrs2Y
No, seize their stocks and break them up and also, arrest those corrupt politicians who sell stocks.
@935M6NN2yrs2Y
No, and abolish the stock market.
@8YM9VBP2yrs2Y
@9MFX8R76 days6D
Abolish the congress. What people do with their own money is their business, except if it's criminal.
@9MDD3XT1wk1W
Yes, as long as everything is reported in real time, including investments of immediate friends and family in related/adjacent companies.
@9MBMV6CLibertarian1wk1W
No; their investments should be held in a blind trust, more must be done to prevent insider trading by their friends and family.
@9M98YFV2wks2W
No, Congressional members are not there for their own financial gain. They are here to serve their constituents. They should not be able to profit from insider information, nor should their families and friends.
@9M4HHY2Independence2wks2W
No and yes, congress members should make money on the side if they want but needs to provide the information of stocks to the companies and the government but they should not touch it until they are out off office
@9M3KVCG2wks2W
Yes, as long as they are not doing anything shady within their stock trade or within their time in congress.
@9K99V29 3wks3W
Yes, as long as their trades, as well as the trades of their friends and family, are publicly reported in real time
@9LZ2GPK3wks3W
Yes, as long as I or other individuals can know what they know when they know it. If they do not disclose this information they should be prosecuted and give up their seat in Congress.
@9LLKT4RConstitution 1mo1MO
Congressmen should refrain from voting on matters related to companies the stocks of which they possess
@9LH3KG71mo1MO
No, but I would be OK with them having their money invested in mutual funds, so long as those funds were publicly disclosed.
@9LGL8BR1mo1MO
Yes, but with strict protections against insider trading And with the trades of members of Congress publicly reported in real time
@9LD5YZN1mo1MO
Yes, but with strict protections against insider trading Like preventing insider trading by their friends and family and making their trades publicly reported in real time
@9L7N2XG2mos2MO
No this would be a violation of liberty rights of American citizens as Congress are the ones legislating laws against the citizens who elected them.
@9KZVC282mos2MO
no, and all assets of politicians that do should be seized by the federal government and reinvested into a sovereign wealth fund
@9KXQKXCRepublican2mos2MO
Only fair trading up to 10% of their actual annual pay (~$20,000) per year. Can’t include any other income for investment.
@9KXPPZ32mos2MO
Yes, and record all stock trading dates, and other details by members of congress in government records
@9KVWCRD2mos2MO
Yes, all trading accounts should be in a managed blind trust with a strong Chinese Wall assuring any information gained from the elected position cannot be used to enrich the elected official.
@9KRL6QH2mos2MO
No; Increase penalties for violating the act, do more to prevent insider trading by their friends and family, and put their investments in a blind trust
The historical activity of users engaging with this question.
Loading data...
Loading chart...
Loading the political themes of users that engaged with this discussion
Loading data...